Multifamily Property For Sale - Alderwood RV Resort & Mini Storage

14007 N. Newport Hwy, Mead, WA, 99021

 
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Alderwood RV Resort & Mini Storage

 

14007 N. Newport Hwy

Mead, Washington 99021
County: Spokane
 
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  For Sale Off-Market  
Type:Multifamily
Mobile Home/RV Community
No. Spaces:107
Lot Size:9.00 Acres
Price:N/A
Price/Space:N/A
Cap Rate:6.90%
Date Last
Verified:
1/5/2009
Property ID:15808830
 
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 Additional Information 

Property Description:
The Alderwood RV Resort, Boat & Mini Storage is a state-of-the-art, first class, 5 Star RV Resort and mini-storage facility that has earned the highest ratings in the industry. With a historical occupancy that has been growing every year since its beginnings, the park offers a variety of attractions and amenities. The brand new mini-storage provides the resort visitors and area locals much needed storage, and has become a very profitable addition to this business venture. To increase revenue, the owner has placed 16 park-owned Fifth Wheel RVs on smaller sites that are less popular, to be rented out as home and site together. These homes are included in the sale, and are adding nicely to the income of the park.

These properties offer a unique investment opportunity, either for the local or absentee owner. The onsite, professional management handles the daily operation of the park/storage as well as the overall maintenance. The facilities, buildings and infrastructure were built with the highest standards and exceed code regulations.

Location Description:
Mead, WA sits right outside of Spokane. The City of Spokane is home to some 195,500 residents; there are around 418,000 residents in the metropolitan area. Spokane is located in the heart of the Inland Northwest, and it serves as a shopping, entertainment, and medical hub for an area that includes Eastern Washington, Eastern Oregon, North Idaho, Western Montana, and southern portions of Alberta and British Columbia. The Spokane River runs through our downtown with spectacular falls on the western end of our city core. Beautiful Riverfront Park also is in the heart of the city.

 Highlights 
Excellent On-Site Management5-Star Facilities
 
110 Unit Mini-StorageYear-Round Cash Flow
 
Upside PotentialPossible Owner Financing
  Financial Summary Actual  
Net Operating Income:$341,550
 
  Space Mix Information
No Space Mix Information Provided
 
  Debt & Equity Information
No Debt & Equity Information Provided
7/18/2008




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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