UNLOCK THE POTENTIAL OF THIS LUCRATIVE 2-IN-1 INVESTMENT OPPORTUNITY - IMMEDIATE CASH FLOW & FUTURE DEVELOPMENT!
Asking Price: $599,950
About 21516 Mountain Highway E:
Attention New/Seasoned Investors,
Here is a fantastic opportunity that comes in a 2-in-1 package! Situated on a spacious one-acre lot, this property offers not just one, but seven plus sources of income. With its prime location, attractive amenities, and multiple rental units, this property is a goldmine waiting to be explored.
Let's start with the layout of the property. On the grounds, you will find three RV pads, perfect for attracting vacationers or long-term renters seeking a mobile lifestyle. Additionally, there are two garages, providing ample storage space for tenants and potential additional income through rental or storage fees.
The property features two main living units. The first unit is a charming 1 bedroom, 1 bathroom dwelling, ideal for a single individual or a couple. The second unit offers even more space with 4 bedrooms, 1.75 bathrooms, and a huge bonus room. With a flexible floor plan, this unit can accommodate a larger family or serve as a shared living space for multiple tenants.
Currently, all units are fully rented with month-to-month leases, ensuring immediate cash flow for the savvy investor. However, there is potential for owner occupancy loans and rent increases, allowing you to maximize your returns. Be sure to ask your agent about the possibility of a 1% down payment with no PMI on this duplex, making it even more attractive for investors looking to minimize upfront costs.
One of the property's unique selling points is its proximity to Joint Base Lewis-McChord (JBLM). Bordering the base, this property offers privacy and scenic views, making it an appealing option for military personnel and their families. To enhance privacy, privacy fence posts have been thoughtfully installed around the property, ensuring a tranquil living environment for all tenants.
If you are looking to promote your business, you will be thrilled to know that this property boasts an impressive 265 feet of highway frontage. This prime location allows for excellent business advertisement, attracting potential customers and increasing visibility.
Zoned MHR (Manufactured Home Residential), this property offers a density allowance of up to 25 units per acre. This presents an exciting opportunity for future development or resale potential. Whether you choose to capitalize on the current cash flow or explore the options for future expansion, this property offers the best of both worlds.
To fully appreciate the property's layout and potential, be sure to check out the Matterport in the listing. The virtual walkthrough will give you a comprehensive view of the property, allowing you to visualize the possibilities and make an informed investment decision.
In summary, this property offers a unique opportunity for new and seasoned investors alike. With its multiple sources of income, RV pads, garages, rental units, and excellent location, it is a lucrative investment waiting to be seized. Don't miss out on the chance to generate immediate cash flow and explore future development opportunities. Contact your agent today to discuss rental rates and secure this exceptional property.
Don't wait, act now, and unlock the potential of this remarkable property!
This property also matches your preferences:
Features of Property
Duplex
Built in 1945
Baseboard
None
2 Covered parking spaces
$224 price/sqft
2.5% buyers agency fee
This property might also be to your liking:
Features of Building
5
3
Vinyl, Carpet, Wall to Wall Carpet
Baseboard
None
2,673
2,673 sqft
View virtual tour
11
RV Parking
2
8
1
1 Acres
Adjacent to Public Land, Corner Lot, Value In Land, Fenced-Partially, Outbuildings, RV Parking, Shop
0318105017
Multi-Family,Residential,Jurisdiction: County
Standard
MultiFamily
Duplex
Metal/Vinyl, Wood Products
Composition
1945
1985
Company: PSE
Septic Tank, Company: Pierce County Sewer
Individual Well, See Remarks, Company: WA Water Service Co
Spanaway
Spanaway
2.5%
Cash Out,Conventional,FHA,State Bond,VA Loan
Property Agent
Ashton Karp
Windermere R E/Lake Tapps, Inc