20709 10th Ave E, Spanaway, WA 98387
- $4,000,000
Listing courtesy of RE/MAX Extra Inc.. Selling Office: RE/MAX Extra Inc..
- Sold Price
- $4,000,000
- List Price
- $5,000,000
- Status
- SOLD
- MLS#
- 2409874
- Closing Date
- Dec 05, 2025
- Days on Market
- 48
- Annual Tax Ammount
- 39495.42
- Internet Provider
- Xfinity
Property Description
Enchanted Firs a 48 Space 55+ mobile home park and a single family home on 8 Acres Park is in a good location close to shopping and bus lines. Same owner for over 20 years with all long term tenants that are all current on rents. Park has its own community well and septic. well maintained with carports and and there is a RV parking lot. All roads are paved and in good condition. The home that is included is a 3 bedroom 2 bathroom 1480 Sf that has just been remodeled and is rented out. Please do NOT disturb the tenants it is ok to do a drive through. Property is being managed by a management company that does all the collecting of rents & maintenance. There is also an on site manager that has been there for years and does a great job.
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Additional Information
- Community
- Spanaway
- Building Condition
- Updated/Remodeled
- Style
- 72 - Mobile Home Park
- Year Built
- 1960
- # of Assigned Spaces
- 112
- Roof
- Composition
- Tax Year
- 2025
- Potential Terms
- Cash Out, Conventional
- Flooring
- Vinyl, Carpet
- Driving Directions
- GPS Friendly HWY 7 South right on 8th park on left .5 mile
- Electric Expenses
- 4883
- Other Expenses
- 175125
- Energy Source
- Electric
- Net Operating Income
- $149,367
- Gross Adjusted Income
- $402,847
- Gross Scheduled Income
- $411,068
- Water/Sewer/Garbage Expenses
- $35,239
- Cap Rate
- 3
- Vacancy Rate
- 2
- Total Expenses
- $261,691
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.