Badger Lake Estates is a quiet family community located on the shores of the beautiful and scenic Badger Lake. There are 127 performing rental spaces and a total of 25 additional spaces to be built which are permitted by Spokane County. In addition to the permanent manufactured housing leased home sites, there are seasonal Recreational Vehicle spaces for rent during the April 1st through September 30th RV season.
This fine property has all the amenities of seasonal recreation, including boating, fishing, swimming and water-skiing. Residents enjoy the scenic views of Badger Lake with beautiful cliffs and free-roaming wildlife. The peaceful surroundings allow for Residents to walk and enjoy comfortable evenings & spectacular sunsets. Eastern Washington winters provide for beautiful snow covered scenery where wildlife abounds!
As a prominent feature, there is a sandy beach swimming area and waterfront picnic area. The annual state stocked trout fishery has a history of being very popular on Badger Lake. Numerous boat slips are available for seasonal rental (April 1-Sept 30) and Residents take advantage of this amenity. Streets are well maintained, although unpaved, and are lit with overhead lighting.
The college town of Cheney (home of Eastern Washington University) is conveniently located only 20 minutes northeast of Badger Lake, via a scenic drive through Turnbull National Wildlife Refuge. Cheney has many restaurants, shops, a library and grocery stores. Several beautiful golf courses are within a short driving distance. Spokane, located only 45 minutes away, is the largest city in all of Central and Eastern Washington providing urban entertainment, top rated medical facilities (including the new state sponsored medical school) and shopping. Spokane International Airport is just 35 minutes from Badger Lake.
Very rarely does an investment property having both permanent and temporary Residents paying year-round rent in a high quality recreational environment ever come on the market. The additional developmental “upside” of 25 spaces with extremely low market rents, makes Badger Lake Estates an excellent real estate opportunity with strong upside potential.