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$2,150,000

555 days
Commercial|Built 1959
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

Operating at full occupancy this hilltop mobile home park generates annual revenue of $270,000 from a mixed portfolio of rents for lots, apartments, trailers, and storage. Spokane city water and sewer minimize maintenance and assure reliable service. Ask to see the financial analysis in Associated Documents for current revenues and expenses, all verifiable. Subject to IRS #1031 exchange by Seller.

Sale Summary

Sold Price

$1,975,000

List Price

$2,150,000

Sale vs List

-8%

Close Date

Nov 12, 2019

Financing

Conventional

Property Details

Property Type

Commercial

Year Built

1959

County

Spokane

Lot Size

9.48 acres

Schools

Elementary: Cheney, Middle: Westwood, High: Cheney

MLS #

SAR201914885

Parcel #

25223.9601

Annual Taxes

$12,000

MLS Area

A430/093

MLS Class

Commercial

Listing Terms

Conventional, Commercial

Road Frontage

City Street, Paved Road

Lease Considered

No

Street Direction

W

MLS Status

Sold

Listed On

Apr 25, 2019

Went Pending

Nov 6, 2019

Status Changed

Nov 13, 2019

Last MLS Update

Nov 21, 2024

MLS Branch

328

School Information

Elementary

Cheney

Middle School

Westwood

High School

Cheney

Home Features & Details

Construction

See Remarks

Roof

See Remarks

Basement

None

Heating

See Remarks

Cooling

Other

Views

CityTerritorial

Lot Features

ViewsTreedRolling SlopeIrregular Lot

Other Structures

Shed(s)

Listed By

Larry Lapidus

Coldwell Banker Tomlinson

Estimated Monthly Payment

$11,646/mo

Estimated at 6.5% APR, 30-year fixed. For informational purposes only.

Property Highlights

Year Built1959
Lot Size9.48 acres
StatusClosed

Location

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