Bought with Greene Realty Group LLC
$1,230,000
$1,000,000
23.0%For more information regarding the value of a property, please contact us for a free consultation.
1205 East ST SE Lacey, WA 98503
5,564 SqFt
Key Details
Sold Price $1,230,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,564 sqft
Price per Sqft $221
Subdivision Lacey
MLS Listing ID 1818563
Sold Date 10/06/21
Style 55 - 5-9 Units
Year Built 2004
Annual Tax Amount $8,201
Lot Size 10,016 Sqft
Lot Dimensions 100x101
Property Sub-Type Multi-Family
Property Description
Built in 2004, this late model 5 plex investment/replacement property may be the right fit. Main floor living/dining/laundry/ kitchen along w/ a 3/4 bath. Upstairs, 3 beds and full bath. 2 parking stalls per unit. Very close to transportation, shopping, recreation and more. Long term tenants, the rents are soft, market rate is $1500/unit. If fully leased at $1500 per unit, CAP RATE goes to 6.9% and GRM goes to 11. Great opportunity!
Location
State WA
County Thurston
Area 450 - Lacey
Interior
Interior Features Wall to Wall Carpet, Laminate
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Cement Planked, Wood, Wood Products
Utilities Available Cable Connected, High Speed Internet, Sewer Connected, Electric
Amenities Available Cable TV, Fenced-Partially, High Speed Internet, Patio
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Curbs, Dead End Street, Sidewalk
Sewer Available, Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Pleasant Glade Elem
Middle Schools Chinook Mid
High Schools North Thurston High
School District North Thurston
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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