512 Deeded Lane SW, Orting, WA 98360
- $660,000
- 2,144
- SqFt
Listing courtesy of Washington Realty Group. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $660,000
- List Price
- $675,000
- Status
- SOLD
- MLS#
- 2286806
- Closing Date
- Oct 15, 2024
- Days on Market
- 6
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,144
- Area Total SqFt
- 2144
- Annual Tax Ammount
- 4193
- Lot Size (sq ft)
- 19,612
- Sewer
- Available
- Offer Review Date
- 2024-09-09
Property Description
Step into a prime investment opportunity with this fully occupied, one-story tri-plex located in Downtown Orting. Ideal for seasoned investors or those new to property ownership, this tri-plex combines convenience with value. Penty of parking. Two units are two bed, one bath and one unit is a one bed with one bathroom. Washer and dryers in all units. Don’t miss out on this turn-key investment opportunity. With its strong rental history and newer roof and recently painted exterior, this tri-plex is a smart choice for those seeking reliable returns and a hassle-free property. Act quickly to secure this gem in your investment portfolio!
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Additional Information
- List Date
- 2024-10-09 00:00:00
- Community
- Orting
- Net Operating Income
- $40,489
- Gross Adjusted Income
- $52,205
- Gross Scheduled Income
- $53,820
- Total Monthly Income
- $4,485
- Insurance Expenses
- $2,251
- Water/Sewer/Garbage Expenses
- $4,632
- Gross Rent Multiplier
- 12.54
- Total Expenses
- $14,376
- Cap Rate
- 5.6
- Vacancy Rate
- 3
- Total Number of Units
- 3
- Unit Name
- 512
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1973
- View
- Territorial
- Roof
- Composition
- Site Features
- High Speed Internet
- Electric Expenses
- 900
- Other Expenses
- 1500
- Energy Source
- Electric
- School District
- Orting
- Elementary School
- Buyer To Verify
- Middle School
- Orting Mid
- High School
- Orting High
- Total Monthly Income
- $4,485
- Gross Scheduled Income
- $53,820
- Vacancy Rate
- 3
- Gross Adjusted Income
- $52,205
- Tax Year
- 2024
- Insurance Expense
- $2,251
- W/S/G Expenses
- $4,632
- Total Expenses
- $14,376
- Net Operating Income
- $40,489
- Gross Rent Multiplier
- 12.54
- 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.