316 SE Choker Street, Lacey, WA 98503
- $1,975,000
Listing courtesy of Windermere Real Estate Olympia. Selling Office: Coldwell Banker Danforth.
- Sold Price
- $1,975,000
- List Price
- $1,975,000
- Status
- SOLD
- MLS#
- 2148356
- Closing Date
- Oct 11, 2023
- Days on Market
- 10
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Annual Tax Ammount
- 15974
- Lot Size (sq ft)
- 27,878
- Sewer
- Septic Tank
Property Description
Great investment opportunity. The complex is composed of ten, two bedroom units, approximately 1015 square feet each. Each unit is equipped with washer and dryer, exterior patio and excellent storage. Tenant pays for separately metered electric. Landlord pays for water and garbage. Outstanding location. Close to JBLM, I-5, schools, and retail.
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Additional Information
- List Date
- 2023-10-01 00:00:00
- Community
- Lacey
- Net Operating Income
- $73,500
- Gross Adjusted Income
- $125,350
- Gross Scheduled Income
- $159,000
- Total Monthly Income
- $13,250
- Insurance Expenses
- $2,898
- Water/Sewer/Garbage Expenses
- $7,400
- Gross Rent Multiplier
- 11
- Total Expenses
- $33,024
- Cap Rate
- 6.4
- Vacancy Rate
- 2
- Total Number of Units
- 4
- Unit Name
- 316
- Potential Terms
- Conventional
- Year Built
- 1995
- Roof
- Composition
- Site Features
- Cable TV, Patio
- Electric Expenses
- 252
- Other Expenses
- 6500
- Energy Source
- Electric
- School District
- North Thurston
- Total Monthly Income
- $13,250
- Gross Scheduled Income
- $159,000
- Vacancy Rate
- 2
- Gross Adjusted Income
- $125,350
- Tax Year
- 2023
- Insurance Expense
- $2,898
- W/S/G Expenses
- $7,400
- Total Expenses
- $33,024
- Net Operating Income
- $73,500
- Gross Rent Multiplier
- 11
- Cap Rate
- 6.4
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.