20106 2nd Avenue E, Spanaway, WA 98387
- $549,990
Listing courtesy of Every Door Real Estate.
- List Price
- $549,990
- Status
- ACTIVE
- MLS#
- 2545130
- Days on Market
- 33
- Annual Tax Ammount
- 3131
Property Description
Investor Opportunity – Mobile Home Community with Significant Upside Potential! Rare chance to acquire a mobile home community consisting of 5 mobile home sites across 3 tax parcels, featuring 4 existing homes in a cul-de-sac, including 1 park-owned home, plus 1 vacant site ready for a new home. The current owner is highly motivated to sell. Tenants have not paid rent in over a year, there are currently no leases in place, and tenants prefer to remain due to the high cost of relocating their homes, creating a unique opportunity for new ownership to restructure operations and improve performance. The property includes 5 septic systems and 2 shared wells and is being sold As-Is, Where-Is. With full flexibility to implement new management, lease structures, rent collections, community improvements, and potential expansion, this property offers substantial value-add potential for experienced investors. A large vacant area provides additional opportunities for a new home, owner occupancy, or future development. Whether your goal is to stabilize and grow the existing community or create a new vision for the property, this is a rare opportunity to purchase and reposition an entire mobile home community with significant upside.
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Additional Information
- Community
- Spanaway
- Style
- 72 - Mobile Home Park
- Tax Year
- 2026
- Potential Terms
- Cash, Conventional
- Driving Directions
- GPS friendly
- Energy Source
- Electric
- Net Operating Income
- $44,869
- Gross Adjusted Income
- $48,000
- Gross Scheduled Income
- $4,000
- Cap Rate
- 8
- Total Expenses
- $3,131
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.