Bought with Emerald Properties
$605,000
$605,000
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2,024 SqFt
SOLD DATE : 01/31/2022
Key Details
Sold Price $605,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,024 sqft
Price per Sqft $298
Subdivision Summit
MLS Listing ID 1862183
Sold Date 01/31/22
Style 52 - Duplex
Year Built 1969
Annual Tax Amount $4,610
Lot Size 0.354 Acres
Property Description
HURRY! Rare Property for this area! Great location! These units are in FIRST CLASS CONDITION and are completely remodeled. Property Consists of a 1424 Sq Ft Duplex with 2-2br, 1 Ba units with finished garages-one with Carpeted floor not in SQ FT and storage, plus a finished garage/storage building. These units are in AMAZING condition & rents are UNDER MARKET. This is a Great opportunity to raise rents to market rates and increase the return on your investment! You won't be disappointed! Projected Cap Rate at market rents is 5.83%. Each unit has Stove, Microwave, Dishwasher and Fridge. All units have seller owned washer & dryers in the units which again allows for higher rents. DO NOT DISTURB TENANTS PLEASE!
Location
State WA
County Pierce
Area 66 - Parkland
Interior
Interior Features Forced Air, Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace No
Exterior
Exterior Feature Wood, Wood Products
Utilities Available Cable Connected, High Speed Internet, Septic System, Electric
Amenities Available Cable TV, Fenced-Partially, High Speed Internet, RV Parking, Sprinkler System
Waterfront No
View Y/N Yes
View Territorial
Roof Type Composition
Parking Type RV Parking
Building
Lot Description Dead End Street, Secluded, Value In Land
Sewer Septic Tank
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Franklin Pierce
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, FHA, VA Loan
Listing Terms Cash Out, Conventional, FHA, VA Loan
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