Courtesy: COMPASS
253-987-1778
Michael Larson
Enjoy steady cash flow, low maintenance, and a prime Spanaway location with this terrific investment opportunity just a short walk from Spanaway Lake and tucked away on a quiet residential street. Each unit has 1,299 sq ft with 3 bedrooms and 1.5 baths, with spacious, functional layouts. The fully fenced lot provides privacy and security, along with space for RV parking -- a sought-after amenity in this area and an added draw for tenants. A strong history of reliable, long-term tenants -- and a 5.1% cap rate that includes a conservative 3% vacancy rate -- is reflective of the property’s steady performance and appealing returns. Located near parks, schools, shopping, JBLM, and outdoor recreation. Take a look while it's still available!
Courtesy: Redfin
253-201-3130
Andrew Kramer
Don't miss this very well maintained triplex with a Brand New Roof! These townhouse style units are very desirable with updated kitchens and great living space! Two very generous sized bedrooms upstairs and full bath. Tenants love the covered front porch, private back porch and fully fenced back yard. There is an abundance of parking too! The financials are running strong at a 6.78% CAP and plenty of room for 7%+ with market rents. Don't miss the 3D Scan of each unit!
Courtesy: RE/MAX Realty South
253-397-4911
Sherrie Sells
Investor Value-Motivated Seller. Mobile home park available immediately. Seller just took over after a long family situation and wants it sold. Key points: Tenants have not paid rent in over a year. Tenants want to stay ( too costly to move their homes). No leases currently in place. Full freedom to restructure. Property sold As-Is, Where-Is. Big upside for experienced investors. 5 mobile home spots, 5 septic's, 4 homes existing in a cul-de-sac, 1 of them is owned by the park. One site is ready for a new home! 2 wells shared. Put a brand new home for yourself on the large vacant area! Or put a whole new community in. 3 tax parcels.
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Spanaway is located in Washington. Spanaway, Washington has a population of 34,670. Spanaway is more family-centric than the surrounding county with 33.84% of the households containing married families with children. The county average for households married with children is 32.93%.
The median household income in Spanaway, Washington is $81,018. The median household income for the surrounding county is $82,574 compared to the national median of $69,021. The median age of people living in Spanaway is 31.7 years.
The average high temperature in July is 76.4 degrees, with an average low temperature in January of 35.2 degrees. The average rainfall is approximately 42.4 inches per year, with 4.7 inches of snow per year.
