1319 Glen Mary Drive SE, Lacey, WA 98503

$505,000
1,824
SqFt

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Listing courtesy of Redfin. Selling Office: Skyline Properties, Inc..

Sold Price
$505,000
List Price
$505,000
Status
SOLD
MLS#
2300339
Closing Date
Mar 17, 2025
Days on Market
190
Style
52 - Duplex
Finished SqFt
1,824
Area Total SqFt
1824
Annual Tax Ammount
2186
Lot Size (sq ft)
11,000
Sewer
Sewer Connected

Property Description

Don’t miss this great investment opportunity with a fully rented duplex in Lacey, centrally located near schools, shopping, and just around the corner from Homann Park. Each unit has two bedrooms, one bath, and one-car garage. Large shared yard with plenty of room to relax or entertain. Both units have been fully rented during ownership, and one unit was recently remodeled. Exterior photos are current; interior photos are of Unit A and were taken prior to the current tenant.

Additional Information

List Date
2024-09-08 00:00:00
Community
Central Lacey
Net Operating Income
$32,201
Gross Adjusted Income
$34,653
Gross Scheduled Income
$36,840
Total Monthly Income
$3,070
Water/Sewer/Garbage Expenses
$265
Gross Rent Multiplier
13.84
Total Expenses
$2,451
Cap Rate
6.31
Total Number of Units
2
Unit Name
1319
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1975
Roof
Composition
Energy Source
Electric
School District
North Thurston
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$3,070
Gross Scheduled Income
$36,840
Gross Adjusted Income
$34,653
Tax Year
2024
W/S/G Expenses
$265
Total Expenses
$2,451
Net Operating Income
$32,201
Gross Rent Multiplier
13.84
Cap Rate
6.31
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.
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