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Silvercrest Community 23501 Mountain Hwy 15 Unit Mobile Home Park $1,920,000 ($128,000/Unit) 5% Cap Rate Spanaway, WA 98387
Investment Highlights
- Excellent Opportunity to develop an existing community and bring in new homes.
- Close proximity to hiking trails and within an hour drive of Mt. Rainier National Park.
- Spanaway is close to both Tacoma and Seattle offering all the attractions and entertainment a major metropolitan area provides.
Executive Summary
Sterling Properties Real Estate Services, LLC is pleased to present the exclusive opportunity to acquire Silvercrest Community, a manufactured housing and Recreational Vehicle Community comprised of 15 lots ideally located in near Highway 7 and a short drive to the heart of Spanaway, WA. With excellent proximity to shopping, entertainment districts and restaurants, this community is an attractive destination for long term tenants.
Property Facts
| Price | $1,920,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $128,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 5.80 AC |
| Cap Rate | 5% | Building Size | 253,954 SF |
| Sale Condition | Business Value Included | Average Occupancy | 56% |
| No. Units | 15 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1973 |
| Zoning | RSV5 | ||
| Price | $1,920,000 |
| Price Per Unit | $128,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Sale Condition | Business Value Included |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 5.80 AC |
| Building Size | 253,954 SF |
| Average Occupancy | 56% |
| No. Stories | 1 |
| Year Built | 1973 |
| Zoning | RSV5 |
About 23501 MOUNTAIN HWY , SPANAWAY, WA 98387
Central location is ideal for commuters and work-from-home residents. Spanaway is close to both Tacoma and Seattle offering all the attractions and entertainment a major metropolitan area provides. Close proximity to hiking trails and within an hour drive of Mt. Rainier National Park.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 15 | - | - |
1 1
Property Taxes
| Parcel Number | 031814-8043 | Improvements Assessment | $503,800 |
| Land Assessment | $888,600 | Total Assessment | $1,392,400 |
Property Taxes
Parcel Number
031814-8043
Land Assessment
$888,600
Improvements Assessment
$503,800
Total Assessment
$1,392,400
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Silvercrest Community | 23501 Mountain Hwy
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