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$500,000
3,912 sfsquare feet
2.39acacres
Rainier Road, 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 MLSMLS Logo

John Stormans

Sales Associate

360-915-2071
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DETAILS

  • Mls Id
    1922178
  • Status
    Closed
  • Area
    East Olympia
  • Foundation Details
    Post & Block
  • Flooring
    Laminate
  • Carport
    No
  • City
    Olympia
  • County
    Thurston
  • Exterior Features
    Metal/Vinyl, Wood Products
  • Fireplace
    No
  • High School District
    North Thurston
  • Interior Features
    Forced Air, Heat Pump, Laminate
  • Living Area
    0 Square Feet
  • Lot Features
    Paved
  • Lot Acres
    2.39
  • Lot Square Feet
    104108
  • New Construction
    No
  • Parking Features
    RV Parking
  • Zip Code
    98513
  • Property Type
    Multi-Family
  • Roof
    Composition, Metal
  • Sewer
    Septic Tank
  • Utilities
    Septic System, Electricity Available, Individual Well
  • Waterfront
    No
  • Water Source
    Individual Well
  • Year Built
    1981
  • Checked For Updates
    2024-05-28 09:02:31 PDT

Based on information submitted to the MLS GRID as of 2024-05-28 09:02:31 PDT. 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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Olympia WA 98502
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