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253-202-3030
Real Estate Company
30114 E Orville Road, Graham, WA 98338
- $1,895,000
- 15,009
- SqFt
Listing Broker: Real Estate 2000 Inc.; David M. Hilbert; 425-280-6542; dave@re2000homes.com
- List Price
- $1,895,000
- Status
- ACTIVE
- MLS#
- 2597663
- Style
- 56 - 10+ Units
- Finished SqFt
- 15,009
- Area Total SqFt
- 15009
- Annual Tax Ammount
- 15000
- Lot Size (sq ft)
- 207,345
- Sewer
- Septic Tank
Property Description
Kapowsin Country Park Offers An Investment Opportunity On 4.76 Acres Across Two Parcels In Graham, Washington, Approximately Half A Mile From Kapowsin Lake. The Property Combines Existing Rental Income With Opportunities For Growth. - Approximately 15,009 Square Feet Of Rentable Space - 10 Park-Owned Manufactured Homes: Six Double-Wides And Four Single-Wides - Five Month-To-Month RV Spaces - Approximately 2,320-Square-Foot Garage, Warehouse, And Outdoor Storage - Laundry Building With Potential Conversion To An Additional Rental Unit - Estimated $500,000–$600,000 Minimum Value In Park-Owned Homes - Seller Financing Considered With 50% Down Increase Income Through Allowable Rent Increases Under Washington State Rent Control Provisions, Garage And Warehouse Rentals, Outdoor And RV Storage, And Conversion Of Existing Improvements. 2026 Pro Forma: $131,448 Net Income; 6.93% Cap Rate. 2027–2028 Pro Forma: $281,176 Gross Income, $239,760 Net Income, And A 12.65% Cap Rate, Based On Anticipated Rent Increases And Planned Improvements. Kapowsin Lake Offers Nearby Fishing And Outdoor Recreation. Tacoma Is Approximately 16 Miles Away And Puyallup 9 Miles Away. Pierce County Has Approximately 904,000 Residents. With Established Rental Operations And Multiple Income-Growth Opportunities, Kapowsin Country Park Offers Current Returns And Long-Term Potential. See Pages 5–7 Of The Attached Package For The Rent Roll And Details. Contact The Listing Broker To Arrange A Tour.
Additional Information
- Community
- Graham
- Net Operating Income
- $131,448
- Gross Adjusted Income
- $281,176
- Gross Scheduled Income
- $157,200
- Total Monthly Income
- $157,200
- Insurance Expenses
- $4,752
- Water/Sewer/Garbage Expenses
- $3,600
- Gross Rent Multiplier
- 12
- Total Expenses
- $25,752
- Cap Rate
- 6.93
- Unit Name
- 30114
- Potential Terms
- Cash, Conventional, See Remarks
- Year Built
- 1980
- Roof
- Composition, Metal
- Site Features
- Fenced-Partially, Outbuildings, RV Parking, Shop
- Other Expenses
- 2400
- Energy Source
- Electric
- School District
- Oroville
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $157,200
- Gross Scheduled Income
- $157,200
- Gross Adjusted Income
- $281,176
- Tax Year
- 2026
- Insurance Expense
- $4,752
- W/S/G Expenses
- $3,600
- Total Expenses
- $25,752
- Net Operating Income
- $131,448
- Gross Rent Multiplier
- 12
- Cap Rate
- 6.93
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.