Savory Mobile Home Park

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Listing Information
Sales Price: $1,800,000
No. Spaces: 38
Price/Space: $47,368
Property Type: Family
Cap Rate: 8.4%
Net Operating Income: $142,238
Lot Size: 7.5 Acres

~IN CONTRACT AS OF 11/29/17~
Savory Mobile Home Park is a 38 space family Park located in Post Falls, Idaho. The property covers approximately 7.5 acres and was built in 1980 with gravel roads. The park operates on Septic System and complete newly upgraded On-site water system (completed in 2015). Seller has pumped and certified all septic tanks to be in working order.

Rents currently range from $430-$455; Space rent includes garbage. The property also features 2 Bedroom/1 Bath stick built home that currently rents for $750/month.

Post Falls has grown from 7,350 residents in 1990 to 30,123 at the end of 2014. Located 4 miles east of the Washington-Idaho border along I-90 in Kootenai County. To the west is the largest city in the region, Spokane, WA with a population of approximately 250,000. The I-90 corridor, connecting Spokane and Post Falls/Coeur d' Alene, continues to be a hub of business growth.
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