2734 Initial Place, Enumclaw, WA 98022
- $1,000,000
- 3,552
- SqFt
Listing courtesy of John L. Scott, Inc. Selling Office: Skyline Properties, Inc..
- Sold Price
- $1,000,000
- List Price
- $999,999
- Status
- SOLD
- MLS#
- 2170560
- Closing Date
- Feb 07, 2024
- Days on Market
- 5
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,552
- Area Total SqFt
- 3552
- Annual Tax Ammount
- 7390
- Lot Size (sq ft)
- 12,146
- Sewer
- Sewer Connected
Property Description
Hard to find 4plex with 2 bedroom 1.5 bath units - 2 parking spaces per unit 9 total. Newer roof and insulation in 2020. Newer vinyl windows and sliding doors 2015, newer water heaters, duradek vinyl decking. One unit freshly painted, new carpet, new sink, new wall heaters new rent. Ready for a new renter with higher rent. All units have a deck or patio and outdoor storage and washer and dryer hookups. Bedrooms and living space is very spacious. Walk to town or schools. 3 units have a view of Mount Rainier! Rents are currently below market but 3 units have long term month to month tenants keeping utilities low. Owners have meticulously maintained this building - turn key, ready for you to cash flow.
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Additional Information
- List Date
- 2024-02-02 00:00:00
- Community
- High School
- Net Operating Income
- $51,035
- Gross Adjusted Income
- $51,035
- Gross Scheduled Income
- $64,200
- Total Monthly Income
- $5,350
- Insurance Expenses
- $2,660
- Water/Sewer/Garbage Expenses
- $2,337
- Gross Rent Multiplier
- 15
- Total Expenses
- $13,165
- Cap Rate
- 5.3
- Total Number of Units
- 4
- Unit Name
- 2734
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1982
- View
- Mountain(s)
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
- Other Expenses
- 778
- Energy Source
- Electric, Wood
- School District
- Enumclaw
- Elementary School
- Buyer To Verify
- Middle School
- Enumclaw Mid
- High School
- Enumclaw Snr High
- Total Monthly Income
- $5,350
- Gross Scheduled Income
- $64,200
- Gross Adjusted Income
- $51,035
- Tax Year
- 2023
- Insurance Expense
- $2,660
- W/S/G Expenses
- $2,337
- Total Expenses
- $13,165
- Net Operating Income
- $51,035
- Gross Rent Multiplier
- 15
- Cap Rate
- 5.3
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.