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105 E Aspen Ave, Springdale, WA 99173
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$771,000
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Home Details for 105 E Aspen Ave
Price
$771,000
Type
Multi Family
Lot Size
1.03
County
Stevens
Basement
None
Tax
$1,742.52
MLS®️ Listing#
202519511
On exitrealty.com
142 days
Property Description
Excellent MH park investment opportunity offering a 12.3% CAP rate from 9 income-producing units, with room to add a 10th. Current gross income is $10,310/month, with projected 2025 NOI over $90K and potential for growth. Located just minutes from Loon Lake and 30 minutes to North Spokane, this quiet, nicely treed setting feels private while offering easy access from the main road. Each home includes a shed, yard and ample parking, and tenants enjoy public water/sewer and a peaceful community feel. Most tenants are long-term with low turnover, and on-time payments. Recent improvements include two fully remodeled units, several others with major updates, and most have had ducts cleaned and sealed for energy efficiency. The open 10th site offers potential for an additional rental, on-site manager’s unit, or shop. Seller has been updating units before filling vacancies. Do not visit or disturb tenants. Showings by appt after mutual acceptance.
School Information
School Information for 105 E Aspen Ave
Elementary School
Springdale
Middle School
Springdale
High School
Mary Walker
Listing Courtesy: Amplify Real Estate Services - Main: (509) 981-3235
Listings courtesy of the Spokane Association of REALTORS® as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.
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