4402 4408 4416 Rosedale Street NW, Gig Harbor, WA 98335
- $1,100,000
- 3,000
- SqFt
Listing courtesy of RE/MAX Northwest. Selling Office: Better Homes&Gardens McKenzie.
- Sold Price
- $1,100,000
- List Price
- $1,450,000
- Status
- SOLD
- MLS#
- 2315387
- Closing Date
- Feb 11, 2025
- Days on Market
- 27
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,000
- Area Total SqFt
- 3000
- Annual Tax Ammount
- 6881
- Lot Size (sq ft)
- 82,149
- Sewer
- Sewer Connected
Property Description
Great Gig Harbor 4-Plex & vacant lot w/ approved building plans ready to bolster your portfolio! Current units aregenerating at a 6.0% cap rate, while the vacant parcels have been merged into one lot & approved for a 6 unit project to bebuilt. This four-plex includes four 2-bed / 1 bath units, complete with private decks & parking! Building plans for thevacant lot include a duplex & four townhomes, set up to be condominiums - the choice to hold or sell when complete isyours. Central location provides ample access to all that Downtown Gig Harbor has to offer, along with simple access toWA-16, waterfront shopping & dining, and great local schools!
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Additional Information
- List Date
- 2025-01-15 00:00:00
- Community
- Rosedale
- Net Operating Income
- $54,930
- Gross Adjusted Income
- $81,600
- Gross Scheduled Income
- $81,600
- Total Monthly Income
- $6,800
- Insurance Expenses
- $2,715
- Water/Sewer/Garbage Expenses
- $3,499
- Gross Rent Multiplier
- 12.25
- Total Expenses
- $26,670
- Cap Rate
- 5.5
- Total Number of Units
- 4
- Unit Name
- 4402 4408
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1979
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet
- Other Expenses
- 13575
- Energy Source
- Electric
- School District
- Peninsula
- Total Monthly Income
- $6,800
- Gross Scheduled Income
- $81,600
- Gross Adjusted Income
- $81,600
- Tax Year
- 2023
- Insurance Expense
- $2,715
- W/S/G Expenses
- $3,499
- Total Expenses
- $26,670
- Net Operating Income
- $54,930
- Gross Rent Multiplier
- 12.25
- Cap Rate
- 5.5
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.