26211 26215 Mountain Hwy E, Spanaway, WA 98387
- $1,650,000
Listing courtesy of Crescent Realty powered by KW. Selling Office: Crescent Realty powered by KW.
- Sold Price
- $1,650,000
- List Price
- $1,750,000
- Status
- SOLD
- MLS#
- 2330858
- Closing Date
- Jul 23, 2025
- Days on Market
- 74
- Annual Tax Ammount
- 23931
Property Description
100-unit storage facility. Units range in size from 5x5 to 10x25 with good occupancy rate and long-time tenants. Great opportunity to expand with adjacent 1+ acre property that includes a mobile home - all of which is included in the price. 2.27 acres in total. Entire property is fenced. You could utilize the extra acre for RV & outside storage or build additional units to increase your income. Existing mobile home would be ideal for caretaker. Rents at $1,300 a month. State Highway 7 frontage.
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Additional Information
- Community
- South Spanaway
- Building Condition
- Very Good
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1993
- Roof
- Metal
- Tax Year
- 2024
- Potential Terms
- Cash Out, Conventional
- Flooring
- Concrete
- Driving Directions
- On Mountain Highway just south of 260th on east side of the road.
- Electric Expenses
- 100
- Other Expenses
- 12470
- Energy Source
- Electric
- Net Operating Income
- $105,958
- Gross Adjusted Income
- $147,080
- Gross Scheduled Income
- $154,822
- Water/Sewer/Garbage Expenses
- $100
- Cap Rate
- 6.05
- Vacancy Rate
- 5
- Total Expenses
- $41,122
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