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About the Listing 190 - 111782
Rare opportunity to own a fully occupied, seller-owned 8-unit mobile home park in Olympia, delivering an impressive 8.91% cap rate and strong in-place cash flow. Devoe Mobile Park produces $138,128 in annual NOI and $160,800 in gross income, making it one of the highest-yielding portfolios in Thurston County! Includes 1 single-family home and 7 mobile homes, plus 11 storage sheds, a 2-car garage, coin-operated laundry, and a vintage root cellar under one unit all with onsite management. Private and quiet, but near main corridor in a high-demand rental market. This asset offers both immediate income and long-term potential. Strong historical occupancy, minimal operating costs, and clear upside — Devoe checks every box for the savvy investor.
Listing Highlights
Status
Active
Days on Site
59
Property Type
Commercial Sale
MLS ®
2433504
Year Built
1965
Total Square Footage
0
Lot/Acreage
0.75
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Laminate,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Olympia
Exterior Details
- Lot Description: Zoning: Residential
- Garage Capacity: N/A
- Parking Spaces: 10
- Lot Dimensions: 263X126
- Zoning: Residential
- Roof: Composition
- Others: Metal/Vinyl,Wood,Wood Products,Fair
- Sewer: Septic
Financial Details
- Tax Amount: $6,430
- Taxes w/Assessments: N/A
- Tax/Property ID: 34201600200
- Tax Year: 2024
Payment Calculator
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Questions About..
334 Devoe St NE Olympia, WA 98506
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