Bought with Skyline Properties, Inc.
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Ashford
MLS Listing ID 2197818
Style 56 - 10+ Units
Year Built 1968
Annual Tax Amount $5,254
Lot Size 4.101 Acres
Property Description
This is the biggest opportunity that Ashford has to offer! This property, as-is, is a near 6% cap rate. There are currently 5 mobile homes, 1 manufactured home, and 1 stick built home on the property with an allocated mobile home slot and a spot to rent to an RV. You can keep the property layout as-is and replace the mobile homes with newer ones to increase the rents, while also rehabbing the manufactured home and the stick built house. Re-development is a HUGE opportunity here as the property is zoned "Village Center" meaning that this 4+ acre parcel can support 12 dwellings, an expanded RV park, mixed-use commercial, and lodging. Just 4 miles from Mt. Rainier National Park and stunning views of the cascades, the opportunities are endless!
Location
State WA
County Pierce
Area 128 - Ashford
Interior
Flooring Vinyl, Carpet
Exterior
Exterior Feature Metal/Vinyl, Wood Products
View Y/N No
Roof Type Metal
Building
Lot Description Paved
Sewer Septic Tank
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Eatonville
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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