1527 Bishop Road SW, Tumwater, WA 98512
- $1,640,000
- 6,500
- SqFt
Listing courtesy of Westlake Associates, Inc.. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $1,640,000
- List Price
- $1,650,000
- Status
- SOLD
- MLS#
- 2257996
- Closing Date
- Oct 17, 2024
- Days on Market
- 47
- Style
- 55 - 5-9 Units
- Finished SqFt
- 6,500
- Area Total SqFt
- 6500
- Annual Tax Ammount
- 10597
- Lot Size (sq ft)
- 29,098
- Sewer
- Sewer Connected
Property Description
The property has undergone substantial upgrades to maximize its excellent location and future growth potential. Exterior renovations were completed in 2021 and 2022. All six units have been remodeled with new appliances, flooring, cabinetry, fencing, and other miscellaneous improvements. The Bishop 6-unit community is conveniently located just two blocks off Littlerock Rd SW, with access to public transit options. Enjoy easy access to I-5, with the property being less than a mile from the interstate. Within a three-minute drive to essential locations such as Tumwater Middle School & High School, Costco, and Home Depot.
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Additional Information
- List Date
- 2024-08-31 00:00:00
- Community
- Tumwater
- Net Operating Income
- $97,907
- Gross Adjusted Income
- $148,917
- Gross Scheduled Income
- $156,020
- Total Monthly Income
- $13,002
- Insurance Expenses
- $2,211
- Water/Sewer/Garbage Expenses
- $7,664
- Gross Rent Multiplier
- 11.62
- Total Expenses
- $51,010
- Cap Rate
- 5.93
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 1527
- Potential Terms
- Assumable, Cash Out, Conventional
- Year Built
- 1977
- Roof
- Composition
- Site Features
- Fenced-Fully
- Other Expenses
- 30538
- Energy Source
- Electric
- School District
- Tumwater
- Total Monthly Income
- $13,002
- Gross Scheduled Income
- $156,020
- Vacancy Rate
- 5
- Gross Adjusted Income
- $148,917
- Tax Year
- 2024
- Insurance Expense
- $2,211
- W/S/G Expenses
- $7,664
- Total Expenses
- $51,010
- Net Operating Income
- $97,907
- Gross Rent Multiplier
- 11.62
- Cap Rate
- 5.93
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.