210 Washington Avenue S, Eatonville, WA 98328
- $1,300,000
- 5,376
- SqFt
Listing courtesy of Kidder Mathews. Selling Office: Keller Williams Realty PS.
- Sold Price
- $1,300,000
- List Price
- $1,275,000
- Status
- SOLD
- MLS#
- 2234960
- Closing Date
- Aug 14, 2024
- Days on Market
- 16
- Style
- 55 - 5-9 Units
- Building Condition
- Remodeled
- Finished SqFt
- 5,376
- Area Total SqFt
- 5376
- Annual Tax Ammount
- 7740
- Lot Size (sq ft)
- 18,000
- Sewer
- Sewer Connected
Property Description
Washington South Apts. is a value-add turn-key community comprised of five 2-Bdrm & one 1-Bdrm units & coin-operated laundry. Currently, under-performing at a 7.0% cap rate, rents can be increased by an average of 13.59%. New windows, exterior paint and full unit remodels were done. All units have oversized decks or patios with unobstructed views of Mt. Rainier. Off-street parking for each unit. Centrally located w/in the downtown corridor of Eatonville offering short walking to grocery, restaurants, & parks. Make 1 or 2 units into Airbnb units for further income increases. Excess land can support an additional 2 to 4 units. Oversized bathrooms allow for possible addition of W/Ds to units. ATTACHED MARKETING PACKAGE IN SUPPLEMENTS.
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Additional Information
- List Date
- 2024-07-29 00:00:00
- Community
- Eatonville
- Net Operating Income
- $89,251
- Gross Adjusted Income
- $110,447
- Gross Scheduled Income
- $115,376
- Total Monthly Income
- $9,179
- Insurance Expenses
- $3,435
- Gross Rent Multiplier
- 11.54
- Total Expenses
- $21,196
- Cap Rate
- 7
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 210
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1984
- View
- Mountain(s), Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Dog Run, High Speed Internet
- Electric Expenses
- 660
- Other Expenses
- 9361
- Energy Source
- Electric
- School District
- Eatonville
- Total Monthly Income
- $9,179
- Gross Scheduled Income
- $115,376
- Vacancy Rate
- 5
- Gross Adjusted Income
- $110,447
- Tax Year
- 2023
- Insurance Expense
- $3,435
- Total Expenses
- $21,196
- Net Operating Income
- $89,251
- Gross Rent Multiplier
- 11.54
- Cap Rate
- 7
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.