Bought with Skyline Properties, Inc.
$1,415,000
$1,500,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
7,978 SqFt
SOLD DATE : 06/14/2024
Key Details
Sold Price $1,415,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,978 sqft
Price per Sqft $177
Subdivision Eatonville
MLS Listing ID 2208004
Sold Date 06/14/24
Style 56 - 10+ Units
Year Built 1982
Annual Tax Amount $12,304
Lot Size 0.806 Acres
Property Description
This 10-Plex in Eatonville is a value-add opportunity comprised of nine (9) 2-Bdrm Units, one (1) 1-Bdrm Unit, & coin-operated laundry. Currently under-performing w/ a 5.87 cap rate, but will produce a 9.64 cap rate once rented at market rates. Complex has undergone some recent updates: all new windows in 2019 + full & partial unit remodels. Upper units each offer balcony overlooking Mt Rainier & can be accessed via living rm & bdrm. Large parking lot & two (2) other parking areas + on-street parking options. The 2-bdrm units are identical in layout: living/dining/kitchen combo w/ full bath between bdrms. Centrally located w/in the downtown corridor of Eatonville offering proximity to grocery, restaurants & parks. Owner financing considered
Location
State WA
County Pierce
Area 124 - Eatonville
Interior
Interior Features Ceramic Tile, Wall to Wall Carpet
Flooring Ceramic Tile, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Deck
Waterfront No
View Y/N Yes
View City, Mountain(s), Territorial
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Eatonville Elem
Middle Schools Eatonville Mid
High Schools Eatonville High
School District Eatonville
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, Owner Financing
Listing Terms Cash Out, Conventional, Owner Financing
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