334 Devoe Street NE in Olympia
| Listing ID: | 2433504 (Commercial) |
|---|---|
| Listing Price: | $1,550,000 |
| Days on Market: | 39 |
Details | |
| Lot Size: | 0.75 acre (32,715 sqft) |
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.
This listing is provided courtesy of NWMLS, contributed by Coldwell Banker Evergreen.
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