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5405 E Grove Ave
Athol, ID 83801
Asking Price
$2.65M
Asset Type
Residential Land
Class
Class B
What's Special
Grove Neighborhood | 9 Home Workforce Housing Community Why: <p>Ownership includes both the homes and the land, creating a rare opportunity to acquire a stabilized workforce housing community rather than a traditional mobile home park. The property consists of 9 rental homes situated on 11 city lots, with 2 additional buildable lots providing future expansion or resale potential. All homes are separately metered, with tenants paying their own utilities, lawn care, and snow removal, helping keep operating expenses low. The community is 100% occupied, gener
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NOI
$80,000
Cap Rate
3.02%
DSCR
0.51
Underwater
Cash-on-Cash
-9.73%
Monthly Payment
$13,110.754
Annual Cash Flow
$-77,329.049