2733 Initial Place, Enumclaw, WA 98022
- $1,000,000
- 3,552
- SqFt
Listing courtesy of Skyline Properties, Inc.. Selling Office: Skyline Properties, Inc..
- Sold Price
- $1,000,000
- List Price
- $1,000,000
- Status
- SOLD
- MLS#
- 2240179
- Closing Date
- Jul 31, 2024
- Days on Market
- 2
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,552
- Area Total SqFt
- 3552
- Annual Tax Ammount
- 7390
- Lot Size (sq ft)
- 12,136
- Sewer
- Sewer Connected
Property Description
Excellent fourplex located in Enumclaw. Owner has recently made several long term improvements- new roof, new Hardie Plank siding, new windows and sliders. New exterior decking material on upper levels. 2 bedroom 1.5 bath townhouse style units. Washer-Dryer hookups in each unit. Patio and storage unit for each tenant. Some long term tenants on month to month are under market. This well maintained investment property is a fantastic inflation hedge and gives you both stable income and future growth potential. Professionally managed and can continue with new owner. $90,000 in recent improvements. No sign, drive by only, please do not make contact with occupants.
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Additional Information
- List Date
- 2024-07-29 00:00:00
- Community
- Enumclaw
- Net Operating Income
- $55,830
- Gross Adjusted Income
- $71,220
- Gross Scheduled Income
- $71,220
- Total Monthly Income
- $5,935
- Insurance Expenses
- $2,600
- Water/Sewer/Garbage Expenses
- $5,400
- Gross Rent Multiplier
- 14
- Total Expenses
- $15,390
- Cap Rate
- 5.6
- Total Number of Units
- 4
- Unit Name
- 2733
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1982
- Roof
- Composition
- Site Features
- Deck, Patio
- Energy Source
- Electric
- School District
- Enumclaw
- Total Monthly Income
- $5,935
- Gross Scheduled Income
- $71,220
- Gross Adjusted Income
- $71,220
- Tax Year
- 2023
- Insurance Expense
- $2,600
- W/S/G Expenses
- $5,400
- Total Expenses
- $15,390
- Net Operating Income
- $55,830
- Gross Rent Multiplier
- 14
- Cap Rate
- 5.6
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.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.