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Velkommen

 

2535 70th Ave SW

Olympia, Washington 98502
County: Thurston
 
   Photos
Image 1 of 1
 
 
  For Sale Off-Market  
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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 Additional Information 

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.

Commission Split:2%
  Financial Summary Actual  
Net Operating Income:$115,740
 
  Space Mix Information
No Space Mix Information Provided
 
  Debt & Equity Information
No Debt & Equity Information Provided
7/31/2008




The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

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