508 4th Avenue SE, Pacific, WA 98047
- $970,000
- 3,536
- SqFt
Listing courtesy of Redfin. Selling Office: Keller Williams Realty Bothell.
- Sold Price
- $970,000
- List Price
- $999,000
- Status
- SOLD
- MLS#
- 2172834
- Closing Date
- Jan 03, 2024
- Days on Market
- 18
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 3,536
- Area Total SqFt
- 3536
- Annual Tax Ammount
- 7952
- Lot Size (sq ft)
- 17,902
- Sewer
- Sewer Connected
Property Description
Such a serene location on a dead end street with minimal neighboring properties is rare to come by! This low maintenance INCOME PRODUCING PROPERTY is a home run! The ease of vinyl siding, 5 year old roof & almost all windows updated to white vinyl are just a few features. Inside you'll find updated interior paint, white mill work, refreshed kitchen cabinets & LVP flooring throughout the living areas. With conforming multi family properties around, values hold consistently well! With all units currently leased, the property produces a 6.6% CAP RATE that is NOT-Pro Forma! Tenants enjoy plenty of parking with 8 total parking spots available & 4 which are covered car ports. Only 5 minutes from 167 for easy commuting! Don't let this one slip by!
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Additional Information
- List Date
- 2023-12-16 00:00:00
- Community
- Pacific
- Net Operating Income
- $65,949
- Gross Adjusted Income
- $87,088
- Gross Scheduled Income
- $95,040
- Total Monthly Income
- $7,920
- Insurance Expenses
- $4,187
- Water/Sewer/Garbage Expenses
- $9,000
- Gross Rent Multiplier
- 10.51
- Total Expenses
- $21,139
- Cap Rate
- 6.6
- Total Number of Units
- 4
- Unit Name
- 508
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1989
- Roof
- Composition
- Site Features
- Cable TV, Deck, 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
- $7,920
- Gross Scheduled Income
- $95,040
- Gross Adjusted Income
- $87,088
- Tax Year
- 2023
- Insurance Expense
- $4,187
- W/S/G Expenses
- $9,000
- Total Expenses
- $21,139
- Net Operating Income
- $65,949
- Gross Rent Multiplier
- 10.51
- Cap Rate
- 6.6
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.