210 Portland Court SW, Pacific, WA 98047
- $930,000
- 3,648
- SqFt
Listing courtesy of Redfin. Selling Office: RE/MAX Alliance.
- Sold Price
- $930,000
- List Price
- $995,000
- Status
- SOLD
- MLS#
- 2172801
- Closing Date
- Dec 14, 2023
- Days on Market
- 15
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 3,648
- Area Total SqFt
- 3648
- Annual Tax Ammount
- 7732
- Lot Size (sq ft)
- 14,250
- Sewer
- Sewer Connected
Property Description
A great REVENUE GENERATOR that has been updated & maintained! Buy the RIGHT INVESTMENT so you don't have to inject additional funds after closing on deferred maintenance. This property runs at a 7.0% CAP RATE. Located on a dead end street & a mere 2 minute drive from access to 167. The roof was replaced 5 years ago, exterior paint 2 yrs, newer fiberglass front doors & all updated vinyl windows! Interior of units have white millwork with 6 panel doors, refreshed cabinets & long lasting LVP flooring through main living areas. All tenants on leases. Whether you're a first time investor looking to start your portfolio or you are seasoned & looking to park your 1031 funds in a new property, this is the TURN KEY addition you've been looking for!
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2023-11-29 00:00:00
- Community
- Pacific
- Net Operating Income
- $69,611
- Gross Adjusted Income
- $85,567
- Gross Scheduled Income
- $93,300
- Total Monthly Income
- $7,775
- Insurance Expenses
- $2,224
- Water/Sewer/Garbage Expenses
- $6,000
- Gross Rent Multiplier
- 10.71
- Total Expenses
- $15,956
- Cap Rate
- 7
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 210
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1983
- Roof
- Composition
- Site Features
- Fenced-Partially, High Speed Internet
- Energy Source
- Electric
- School District
- Auburn
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $7,775
- Gross Scheduled Income
- $93,300
- Vacancy Rate
- 5
- Gross Adjusted Income
- $85,567
- Tax Year
- 2023
- Insurance Expense
- $2,224
- W/S/G Expenses
- $6,000
- Total Expenses
- $15,956
- Net Operating Income
- $69,611
- Gross Rent Multiplier
- 10.71
- Cap Rate
- 7
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.