23501 Mountain Hwy - Manufactured Housing/Mobile Housing FOR SALE


Spanaway, WA 98387- Elk Plain
$1,920,000 USD
360-546-3341
23501 Mountain Hwy, Spanaway, WA for Sale
$1,920,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/2
null | 6.37% Cap Rate

23501 Mountain Hwy
Spanaway, WA 98387
Elk Plain


HIGHLIGHTS

  • Manufactured housing and RV community located in Spanaway, Washington
  • 15 income-producing sites
  • Located within Pierce County, one of Washington's fastest-growing regions
  • Direct frontage along Mountain Highway East (State Route 7)
  • Convenient access to Tacoma, Joint Base Lewis-McChord, and Seattle
  • Approximately one hour from Mount Rainier National Park

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,920,000 USD

PRICE/SF

$8 USD /SF

# OF UNITS

13

PRICE/UNIT

$147,692

CAP RATE

6.37%

% LEASED

56%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Silvercrest Community

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.83 AC

LAND SF

253,954 SF

ZONING

RSV5

APN/PARCEL ID

031814-8043

ASK ABOUT THIS PROPERTY

Erik HessSterling Properties Real Estate Services, LLCMore Info
360-546-3341

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Erik HessSterling Properties Real Estate Services, LLCMore Info
360-546-3341

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.