About this property

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.