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Browse More Listings in Multifamily For Sale, Spokane Valley, WA or Washington

Multifamily Property For Sale

American Mini Storage and Mobile Home Park

14908 - 14914 East Sprague, Spokane Valley, WA 99216

Price:
$1,075,000
No. Spaces:
20
Price/Space:
$53,750
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
7.10%
Lot Size:
2.70 AC
Find Out More...

Last Verified 10/22/2009 Listing ID 15651514

Highlights

Fully Stabilized Cash Flow Property
7.2% CAP
Corridor Mixed Use Zoning

Sprague Avenue and future Appleway Frontage
Little Management Requires
Value Added Opportunity and Priced near existing Land Value

Description

Americana Mini Storage and Mobile Home Park is a single building 37 unit self storage facility on 20 unut double wide mobile home park situated on 2.73 acres on Sprague Avenue in Spokane Valley, WA. This is a fully stabilized, cash flow property offered at a 7.29% CAP with little management required. The property is zoned Corridor Mixed Use, has frontage on Sprague Avenue and the future Appleway corridor and is priced near its existing land value. See attached marketing package and contact Jeff Ottmar for more details.

Located on Sprague Avenue and the future Appleway Blvd frontage in Spokane Valley, Washington.

Financial Summary

Actual
Net Operating Income
$94,406

Map of 14908 - 14914 East Sprague, Spokane Valley, WA 99216 (Spokane County)

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Presented by

Cornerstone Property Advisors, LLC

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Contact Listing Broker

Jeff Ottmar (509) 321-2000

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Created 4/7/2008

Additional Information for 14908 E Sprague Avenue, Spokane Valley, WA 99216

Active For Sale - 2 Listings
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - American Mini Storage and Mobile Home Park

14908 - 14914 East Sprague, Spokane Valley, WA, 99216