702 N Florence Ave 17 Unit Mobile Home Park $4,171,740 CAD ($245,396 CAD/Unit) 4.64% Cap Rate Sandpoint, ID 83864

Rare opportunity to acquire a prime, contiguous multi-lot property in the core of Sandpoint, ideally positioned for investors, 1031 exchange buyers, and developers seeking scale, location, and flexibility. Comprised of 12 city lots spanning approximately one acre, this property delivers a highly desirable land assemblage rarely available within city limits. Zoned RM (Residential Multi-Family), it offers the ability to maximize density and overall footprint in one of North Idaho’s most supply-constrained markets. Whether you choose to redevelop, expand, or hold as an asset, the fundamentals are already in place. Currently operating as a well-maintained, turnkey park with 17 total units, including 9 owned units, this property has been owner-operated and meticulously cared for for 30+ years. The pride of ownership is evident throughout, with a clean, organized, and pristine park setting that supports long-term stability. The tenant base consists of quality, long-term residents, providing reliable income from day one. Additional features include on site storage buildings, one with water, sewer and power, enhancing future potential for value add. Located within an Opportunity Zone, this asset presents potential tax advantages while positioning investors to capitalize on the continued growth and demand in Sandpoint’s housing market. Properties offering this combination of scale, zoning, contiguous land, and existing income are increasingly rare. Sandpoint continues to emerge as a highly desirable lifestyle-driven market with strong fundamentals for investors and developers alike. Anchored by Lake Pend Oreille and Schweitzer Mountain Resort, the area attracts year-round tourism, remote workers, and full-time residents seeking quality of life without sacrificing access to amenities. Limited inventory, steady population growth, and increasing demand for housing—particularly multi-family—create a compelling backdrop for long-term appreciation and development upside.