3040 Clemans Rd Clarkston, WA 99403-3032
- Mobile home & RV parks
- 2,680 SF
- 3.11 lot acres
Feb 03, 2025
Current Use by Public Records
- Riverwalk RV Park / Rv Park
Property Details for 3040 Clemans Rd
- Year built
- 2004
- Lot size
- 3.11 lot acres
- Property size
- 2,680 SF
- Property type
- Mobile home & RV parks
- APN
- 1-042-00-040-0000
- APU
- 1042000400000
Description
This exceptional 3.11-acre RV park in Clarkston, Washington, presents a compelling investment opportunity. Boasting a 94% occupancy rate (with two pending applications), this 31-unit property includes 26 RV sites, 2 storage units, and 3 recently renovated manufactured homes, all under 12-month leases. The park benefits from a strong historical occupancy average of 99% since 1997, and over $100,000 in capital improvements were completed between 2022 and 2023. Situated on public water with an on-site septic system, the property offers significant value-add potential through the implementation of electricity cost recovery for month-to-month tenants. Located along WA-129, it's a short drive to downtown Clarkston and Lewiston, Idaho, and benefits from Washington state's income tax-free status and lack of rent control. The property is zoned Light/Neighborhood Commercial (L-C) and enjoys proximity to abundant outdoor recreational opportunities, including hiking, fishing, boating, hunting, and golfing. The asking price is $2,150,000, with a current cap rate of 9.25% and a pro-forma cap rate of 10.32%. This property offers a strong return on investment in a desirable location with significant upside potential. The APN is 10420004000000000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,840,000
- ML approach
- $1,835,000
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Location Insight
- Map
- Local Demand
- City
- Clarkston
- County
- Asotin
- State
- Washington
- Longitude
- -117.066
- Latitude
- 46.3664
- CBSA code
- 30300
- CBSA name
- LEWISTON, ID-WA METROPOLITAN STATISTICAL AREA
