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$771,000
Joey Costello
Windermere North Spokane
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Make a winning offer with the help of a local expert
About This Home
Excellent MH park investment opportunity offering a 12.3% CAP rate from 9 income-producing units, with room to add a 10th. Current gross income is $10,310/month, with projected 2025 NOI over $90K and potential for growth. Located just minutes from Loon Lake and 30 minutes to North Spokane, this quiet, nicely treed setting feels private while offering easy access from the main road. Each home includes a shed, yard and ample parking, and tenants enjoy public water/sewer and a peaceful community feel. Most tenants are long-term with low turnover, and on-time payments. Recent improvements include two fully remodeled units, several others with major updates, and most have had ducts cleaned and sealed for energy efficiency. The open 10th site offers potential for an additional rental, on-site manager’s unit, or shop. Seller has been updating units before filling vacancies. Do not visit or disturb tenants. Showings by appt after mutual acceptance.
Sale Summary
Sold Price
$700,000
List Price
$771,000
Sale vs List
-9%
Close Date
Aug 21, 2025
Financing
Cash
Buyer's Agent
Cynthia Upp
Property Details
Property Type
Rental
Year Built
9999
County
Stevens
Lot Size
1.03 acres
Schools
Elementary: Springdale, Middle: Springdale, High: Mary Walker
Days to Sell
54 days
MLS #
SAR202519511
Parcel #
0488600
Annual Taxes
$1,742.52
MLS Area
A933/171
MLS Class
Rental Income
Listing Terms
Conventional, Cash, Owner Financing
Road Frontage
City Street, Paved Road
Street Direction
E
MLS Status
Sold
Listed On
Jun 27, 2025
Went Pending
Jul 16, 2025
Status Changed
Aug 21, 2025
Last MLS Update
Aug 21, 2025
MLS Branch
1242
School Information
Elementary
Springdale
Middle School
Springdale
High School
Mary Walker
Home Features & Details
Construction
Structure Type
Roof
Basement
Appliances
Parking
Lot Features
Other Structures
Listed By
Lara Ramsay
Amplify Real Estate Services
Joey Costello
Windermere North Spokane
Tour for free, no strings attached
Make a winning offer with the help of a local expert
Estimated Monthly Payment
$4,176/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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