131 Lippert Drive W, Port Orchard, WA 98366
- $829,900
- 3,440
- SqFt
Listing courtesy of Coldwell Banker Bain. Selling Office: Martin Real Estate Group.
- Sold Price
- $829,900
- List Price
- $849,950
- Status
- SOLD
- MLS#
- 2176806
- Closing Date
- Nov 22, 2023
- Days on Market
- 6
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,440
- Area Total SqFt
- 3440
- Annual Tax Ammount
- 6325
- Lot Size (sq ft)
- 10,890
- Sewer
- Sewer Connected
Property Description
This multi-unit property is a great investment opportunity. With 4 units featuring 2 bedrooms, 1 full bath, stacked washer and dryer, with laminate hardwood and vinyl flooring throughout. Each unit comes with 2 reserved parking spaces for added value. This well-maintained property offers a solid cap rate of 6.192%, making it an excellent addition to your investment portfolio. All units are currently rented, ensuring immediate rental income - Don't miss this opportunity!
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Additional Information
- List Date
- 2023-11-16 00:00:00
- Community
- Port Orchard
- Net Operating Income
- $52,668
- Gross Adjusted Income
- $68,400
- Gross Scheduled Income
- $68,400
- Total Monthly Income
- $5,600
- Insurance Expenses
- $1,245
- Water/Sewer/Garbage Expenses
- $7,944
- Gross Rent Multiplier
- 12.43
- Total Expenses
- $15,514
- Cap Rate
- 6.19
- Total Number of Units
- 4
- Unit Name
- 131
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1984
- Roof
- Composition
- Energy Source
- Electric
- School District
- South Kitsap
- Total Monthly Income
- $5,600
- Gross Scheduled Income
- $68,400
- Gross Adjusted Income
- $68,400
- Tax Year
- 2023
- Insurance Expense
- $1,245
- W/S/G Expenses
- $7,944
- Total Expenses
- $15,514
- Net Operating Income
- $52,668
- Gross Rent Multiplier
- 12.43
- Cap Rate
- 6.19
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.