6648 Littlerock Road SW, Tumwater, WA 98512
- $1,100,000
- 6,360
- SqFt
Listing courtesy of Valko Commercial LLC. Selling Office: Windermere Bellevue Commons.
- Sold Price
- $1,100,000
- List Price
- $1,137,000
- Status
- SOLD
- MLS#
- 2193874
- Closing Date
- May 22, 2024
- Days on Market
- 32
- Style
- 55 - 5-9 Units
- Building Condition
- Average
- Finished SqFt
- 6,360
- Area Total SqFt
- 6360
- Annual Tax Ammount
- 10311
- Lot Size (sq ft)
- 35,368
- Sewer
- Septic Tank
Property Description
Walnut Grove is a stabilized six-plex near Wal-Mart, Costco, Fred Meyer and public schools. Large updated two-bedroom units with storage closets off decks and patios. All units are equipped with new washers and dryers & new appliances. Large site with picnic area beneath 100-year old walnut trees. Bus kiosk. Screened tenants. Recent executed leases. Below market rents, good upside for your new or mature savvy investor. Market rent at $1,450 per month could raise OAR to 7.00% with efficient management. New owner, utilities reimbursements or carport fees? I am selling because I moved out of the area.
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Additional Information
- List Date
- 2024-04-20 00:00:00
- Community
- Tumwater
- Net Operating Income
- $72,795
- Gross Adjusted Income
- $97,080
- Gross Scheduled Income
- $97,080
- Total Monthly Income
- $97,080
- Insurance Expenses
- $4,452
- Water/Sewer/Garbage Expenses
- $3,265
- Gross Rent Multiplier
- 12.1
- Total Expenses
- $24,285
- Cap Rate
- 6.4
- Total Number of Units
- 6
- Unit Name
- 6648
- Potential Terms
- Conventional
- Year Built
- 1981
- Roof
- Metal
- Site Features
- Fenced-Partially, Patio
- Electric Expenses
- 184
- Other Expenses
- 6073
- Energy Source
- Electric
- School District
- Tumwater
- Total Monthly Income
- $97,080
- Gross Scheduled Income
- $97,080
- Gross Adjusted Income
- $97,080
- Tax Year
- 2023
- Insurance Expense
- $4,452
- W/S/G Expenses
- $3,265
- Total Expenses
- $24,285
- Net Operating Income
- $72,795
- Gross Rent Multiplier
- 12.1
- Cap Rate
- 6.4
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.