Eloika Pines Mobile Home Park

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Listing Information
Sales Price: $1,150,000
No. Spaces: 55
Price/Space: $
Property Type: Family
Cap Rate: 9.19%
Net Operating Income: $105,630
Lot Size: 22 Acres

~IN CONTRACT AS OF May 24th, 2017~Eloika Pines is a 55 space family park located in Elk, WA. The property was built in approximately 1980 and offers large lots with upside. Property is on 22.02 acres and utilizes on-site Septic system and Well that has been regularly maintained.

There are 27 tenant owned homes with space rents at $250. There are 17 Park Owned Rentals whose rents range from 475-$650 (See Rent Roll). All Homes and Contracts are included in the Purchase Price.

Located just 30 miles north of Spokane, Elk is a bedroom community to the Spokane area. Deer Park has a population of 4,732 as of 2010 census, with steady growth. The County of Spokane houses over 479,398 residents and is in the heart of the Inland Northwest. Spokane County 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.
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