603 Kansas Street SW Unit #1 & 2, Orting, WA 98360
- $375,000
- 1,038
- SqFt
Listing courtesy of Prodigy Real Estate Inc. Selling Office: eXp Realty.
- Sold Price
- $375,000
- List Price
- $480,000
- Status
- SOLD
- MLS#
- 2279203
- Closing Date
- Nov 18, 2024
- Days on Market
- 64
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,038
- Area Total SqFt
- 1038
- Annual Tax Ammount
- 3756
- Lot Size (sq ft)
- 10,260
- Sewer
- Sewer Connected
Property Description
Potential 7% cap rate on this awesome duplex. Located in charming Orting, this property includes TWO houses on one parcel. The second home is a cozy 1-bedroom, 1-bathroom residence with 624 sq ft of living space, an electric fireplace, and an attached garage. Home has updated plumbing and electricity. The large lot features a 24x20 detached storage room, a garden area, and a fire pit. The main house has fresh paint, new carpet, and vinyl flooring. It includes a 1-car detached garage/shop and has fresh exterior paint. All roofs 30-year, with approximately 22 years remaining. The property is vacant and ready for occupancy. Orting offers a small-town vibe with walking trails, unsurpassed view of the Mt, and a smalltown setting
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2024-09-15 00:00:00
- Community
- In Town
- Net Operating Income
- $26,088
- Gross Adjusted Income
- $36,000
- Gross Scheduled Income
- $36,000
- Total Monthly Income
- $3,000
- Insurance Expenses
- $1,200
- Gross Rent Multiplier
- 13.33
- Total Expenses
- $4,956
- Cap Rate
- 7
- Total Number of Units
- 2
- Unit Name
- 603
- Potential Terms
- Conventional
- Year Built
- 1949
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Patio, RV Parking
- Energy Source
- Electric, Natural Gas
- School District
- Orting
- Elementary School
- Orting Primary Sch
- Middle School
- Orting Mid
- High School
- Orting High
- Total Monthly Income
- $3,000
- Gross Scheduled Income
- $36,000
- Gross Adjusted Income
- $36,000
- Tax Year
- 2024
- Insurance Expense
- $1,200
- Total Expenses
- $4,956
- Net Operating Income
- $26,088
- Gross Rent Multiplier
- 13.33
- 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.