$500,000
8401 Rainier Road SE, Olympia, 98513
8401 Rainier Road SE, Olympia, WA 98513
Great investment opportunity with potential upside. Two manufactured homes on 2+/- acre lot with a 30x30 shop, multiple car ports, storage container, additional outbuildings, and two RV hookups. One home just signed a lease for $1825, with the other home and shop currently vacant. Both RV hookups are currently unused as well. Homes are in good condition with metal roofs, clean and easy to maintain interiors, and both have their own private yards. A great option for an owner occupant that wants to live in one home and rent the other, as well as an investor looking for increasingly hard to find cash flow. Pro forma cap rate of 6.6%.
Listing Courtesy of
Olympic Sotheby's International Realty
Source Northwest MLS
Media
- Photos
DETAILS
- Mls Id1922178
- StatusClosed
- AreaEast Olympia
- Foundation DetailsPost & Block
- FlooringLaminate
- CarportNo
- CityOlympia
- CountyThurston
- Exterior FeaturesMetal/Vinyl, Wood Products
- FireplaceNo
- High School DistrictNorth Thurston
- Interior FeaturesForced Air, Heat Pump, Laminate
- Living Area0 Square Feet
- Lot FeaturesPaved
- Lot Acres2.39
- Lot Square Feet104108
- New ConstructionNo
- Parking FeaturesRV Parking
- Zip Code98513
- Property TypeMulti-Family
- RoofComposition, Metal
- SewerSeptic Tank
- UtilitiesSeptic System, Electric, Individual Well
- WaterfrontNo
- Water SourceIndividual Well
- Year Built1981
- Checked For Updates2024-12-21 21:01:28 PST
Based on information submitted to the MLS GRID as of 2024-12-21 21:01:28 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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