6415 6421 151st Street NW, Gig Harbor, WA 98332
- $925,000
- 3,000
- SqFt
Listing courtesy of Keller Williams Seattle Metro. Selling Office: Paramount Real Estate Group.
- Sold Price
- $925,000
- List Price
- $950,000
- Status
- SOLD
- MLS#
- 2191466
- Closing Date
- Jun 03, 2024
- Days on Market
- 95
- Style
- 54 - 4-Plex
- Building Condition
- Remodeled
- Finished SqFt
- 3,000
- Area Total SqFt
- 3000
- Annual Tax Ammount
- 6242.78
- Lot Size (sq ft)
- 66,211
- Sewer
- Septic Tank
Property Description
Don't overlook this fully-equipped 4-plex situated on a secluded private road, surrounded by a spacious 1.5+ acre lot. Each unit features 2 bedrooms and 1 bathroom, complete with washer and dryer sets, private patios, and individually fenced and separated backyard areas for each unit to enjoy. Recent upgrades include a new septic system and drain field, new roof and gutters, new attic insulation throughout, new electrical panels in each unit, new siding, new windows, renovated bathrooms and kitchens, LVP flooring, and more. This property is primed to generate immediate passive income. With the potential to increase rents, it also presents a lucrative opportunity for a savvy investor.
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Additional Information
- List Date
- 2024-02-29 00:00:00
- Community
- Purdy
- Net Operating Income
- $53,940
- Gross Adjusted Income
- $79,560
- Gross Scheduled Income
- $79,560
- Total Monthly Income
- $6,630
- Insurance Expenses
- $1,533
- Water/Sewer/Garbage Expenses
- $2,693
- Gross Rent Multiplier
- 12.57
- Total Expenses
- $23,233
- Cap Rate
- 5.4
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 6415 6421
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1968
- View
- Territorial
- Roof
- Composition
- Site Features
- Dog Run, Fenced-Fully, Outbuildings, Patio, RV Parking
- Other Expenses
- 12765
- Energy Source
- Electric
- School District
- Peninsula
- High School
- Peninsula High
- Total Monthly Income
- $6,630
- Gross Scheduled Income
- $79,560
- Vacancy Rate
- 3
- Gross Adjusted Income
- $79,560
- Tax Year
- 2023
- Insurance Expense
- $1,533
- W/S/G Expenses
- $2,693
- Total Expenses
- $23,233
- Net Operating Income
- $53,940
- Gross Rent Multiplier
- 12.57
- Cap Rate
- 5.4
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.