Multifamily Property For Sale - Sportsman MHP

370 S Reynolds Rd., Othello, WA, 99344

 
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Multifamily For Sale
Othello, WA
Washington

Sportsman MHP

 

370 S Reynolds Rd.

Othello, Washington 99344
County: Adams
 
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Image 1 of 1
 
 
  For Sale Active  
Type:Multifamily
Mobile Home/RV Community
No. Spaces:64
Lot Size:23.20 Acres
Occupancy:98.00%
Price:$1,474,000
Price/Space:$23,031
Cap Rate:9.58%
Year Built:1961
Date Last
Verified:		12/30/2008
Property ID:15768017
 
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 Additional Information 

Property Description:
64 Spaces made up of 15 primarily single wide homes plus 13 RV spaces on 23.2, plenty of room for double wides. Community has 1 vacant RV space. Area is experiencing tremendous job growth and capital investment. 9% Cap Rate.

Location Description:
Located in Othello, Washington, which is near Moses Lake, Washington where Renewable Energy Corporation is building out a new plant for the production of Silicon Solar Sheeting. 1.5 Hours from Spokane Washington.

 Highlights 
•9% Cap rate•98% Occupancy
 
•No Park Owned homes•Many Long term Tenants
  Financial Summary Actual  
Net Operating Income:$134,910
 
  Space Mix Information
No Space Mix Information Provided
 
  Debt & Equity Information
No Debt & Equity Information Provided
6/20/2008
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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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