Silvercrest Community 23501 Mountain Hwy 13 Unit Mobile Home Park $1,920,000 ($147,692/Unit) 6.37% Cap Rate Spanaway, WA 98387

Silvercrest Community presents the opportunity to acquire a stabilized manufactured housing and RV community located in the growing Pierce County market of Spanaway, Washington. Offered at $1,920,000, the property consists of 15 income-producing sites situated on approximately 5.83 acres, providing investors with stable cash flow, strong occupancy fundamentals, and long-term upside within one of the Puget Sound region's most supply-constrained housing sectors.
Strategically positioned along Mountain Highway East (State Route 7), Silvercrest benefits from convenient access to Tacoma, Joint Base Lewis-McChord, Seattle, and Mount Rainier National Park. The community offers residents a unique blend of rural character and metropolitan accessibility, creating strong appeal among long-term tenants seeking affordable housing alternatives within the greater Seattle-Tacoma market.
The property currently generates approximately $144,300 in annual rental revenue and is projected to produce a Year 1 Net Operating Income of approximately $122,321, representing a 6.37% cap rate at the asking price. With large sites, off-street parking, and strong regional housing demand, Silvercrest offers investors a durable income stream supported by one of the nation's most resilient asset classes.