16116 to 16118 Prairie Heights Street SE, Yelm, WA 98597

$675,000
2,733
SqFt

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Listing courtesy of Berkshire Hathaway HS NW. Selling Office: Keller Williams South Sound.

Sold Price
$675,000
List Price
$699,900
Status
SOLD
MLS#
2230914
Closing Date
Jun 28, 2024
Days on Market
35
Style
52 - Duplex
Finished SqFt
2,733
Area Total SqFt
2733
Annual Tax Ammount
4077
Internet Provider
Xfinity
Lot Size (sq ft)
7,568
Sewer
Sewer Connected

Property Description

Welcome to your new investment opportunity!!! This townhome style duplex is situated on a peaceful, fully-fenced level lot. Each unit spans 1,366 sqft featuring a convenient layout with 3 bedrooms, 2.5 baths, a full-sized kitchen, dining room, family room, primary ensuite, private patio and 1-car garage. 2024 updates in Unit 16116 include: NEW carpet, NEW tile flooring, NEW light fixtures, NEW cabinets, NEW granite countertops & MORE! Unit 16118 was also recently updated (2019) Fantastic investment opportunity, or perfect for an owner to occupy one unit and rent out the other side. Enjoy the peace of a rural setting while being conveniently close to JBLM, schools, shopping & parks. Don’t let this opportunity pass you by!

Additional Information

List Date
2024-05-24 00:00:00
Community
Yelm
Net Operating Income
$46,203
Gross Adjusted Income
$51,626
Gross Scheduled Income
$52,680
Total Monthly Income
$4,390
Insurance Expenses
$1,346
Gross Rent Multiplier
13.3
Total Expenses
$5,423
Cap Rate
6.6
Vacancy Rate
2
Total Number of Units
2
Unit Name
16116
Potential Terms
Cash Out, Conventional, FHA, USDA Loan, VA Loan
Year Built
1995
Roof
Composition
Site Features
Cable TV, Fenced-Fully, High Speed Internet, Patio
Energy Source
Electric
School District
Yelm
Total Monthly Income
$4,390
Gross Scheduled Income
$52,680
Vacancy Rate
2
Gross Adjusted Income
$51,626
Tax Year
2024
Insurance Expense
$1,346
Total Expenses
$5,423
Net Operating Income
$46,203
Gross Rent Multiplier
13.3
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.
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