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Velkommen 
2535 70th Ave SW
Olympia, Washington 98502
County: Thurston
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| Type: | Multifamily Mobile Home/RV Community |
| No. Spaces: | 39 |
| Lot Size: | 11.00 Acres |
| Occupancy: | 100.00% |
| Price: | N/A |
| Price/Space: | N/A |
| GRM: | 9.17 |
| Cap Rate: | 6.43% |
Date Last Verified: | 1/8/2009 |
| Property ID: | 15828500 |
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Property Description:
Attractive quality 39 space family community located in Tumwater Washington. The Park is ideally located near freeway access in a desirable residential and multifamily community. The park is served by well and septic. Open areas and mature landscaping make this a highly desirable setting. City water is available on 70th Avenue and sewer is located on Littlerock Road. The Seller lives next door to the Park and has self managed it. The private well that services the Park is on the Owners property. The Seller will provide water to the Park plus maintenance of the water lines to the Park for a $25.00 per monthly fee, this agreement will be for up to 5 years. The Buyer would be responsible for hooking up to city services. Estimated cost to be approximately $75,000.00. Rents are currently below market and the property has tremendous upside/land value.
Location Description:
Founded in 1845, historical Tumwater is located between Seattle and Portland on Interstate-5, you will find it as a central location for exploring Puget Sound and all its beauty, including Mt. Rainier, Mt. St. Helens, Pacific Ocean beaches, and the Olympic Peninsula and rain forest.
With a population of 13,562, this friendly city boasts nine parks and playgrounds, a golfing range and municipal golf course, athletic clubs, and the Tumwater Timberland Library.
The Tumwater School District is the third largest district in Thurston County, and higher education is served by nearby community, state and private colleges.
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