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Investment Highlights

  • 12 contiguous city lots located in an opportunity zone
  • 100% occupancy
  • 17 Units - 9 owned

Executive Summary

Turnkey 17-space mobile home park in the heart of Sandpoint, offering immediate stability, full occupancy, and future upside. Owner-operated and meticulously maintained for over 30 years, this is a rare opportunity to acquire a clean, well-run park with a strong track record. The property includes 17 total units, with 9 owned units, and a reliable tenant base of long-term residents. The park is fully occupied, providing consistent in-place income with clear potential for increased returns.
Situated on 12 contiguous city lots spanning approximately one acre, this property offers a unique blend of stability today and development potential for the future. Zoned RM (Residential Multi-Family), the site allows for increased density and expansion, giving investors the flexibility to continue operating as-is, improve for increased income, or explore redevelopment over time. Additional features include on-site storage buildings, one equipped with water, sewer, and power—further supporting value-add opportunities.
Attractive seller financing terms are available, creating a compelling opportunity for buyers seeking flexible acquisition options and the ability to enhance overall returns.
Located within an Opportunity Zone, this asset presents potential tax advantages while positioning investors to benefit from continued growth in one of North Idaho’s most sought-after markets. Assets combining full occupancy, scale, and redevelopment flexibility in this location are exceptionally rare.
Sandpoint continues to attract investors and residents alike with its proximity to Lake Pend Oreille and Schweitzer Mountain Resort, strong demand for housing, and limited in-town inventory. As population growth and housing demand remain steady, properties like this offer both immediate stability and long-term upside.

Property Facts

Price $3,000,000
Price Per Unit $176,471
Sale Type Investment
Sale Condition Business Value Included
No. Units 17
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Garden
Building Class C
Lot Size 0.97 AC
Building Size 42,253 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1980/2025
Opportunity Zone Yes
Zoning RM Opportuity Zone - residential multi family located in an opportunity zone

Amenities

Site Amenities

  • 24 Hour Access
  • Walking/Biking Trails
  • Storage Space
Fairly walkable
50/100
Very drivable
80/100
Moderately bikeable
70/100
  • Listing ID: 39993986

  • Date on Market: 4/1/2026

  • Last Updated:

  • Address: 702 N Florence Ave, Sandpoint, ID 83864

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