1420 Magnolia Street SE, Lacey, WA 98503
- $401,000
- 3,376
- SqFt
Listing courtesy of Windermere Prof Partners. Selling Office: Networks Real Estate LLC.
- Sold Price
- $401,000
- List Price
- $360,000
- Status
- SOLD
- MLS#
- 2322284
- Closing Date
- Feb 07, 2025
- Days on Market
- 52
- Style
- 53 - Tri-plex
- Finished SqFt
- 3,376
- Area Total SqFt
- 3376
- Annual Tax Ammount
- 5367
- Lot Size (sq ft)
- 16,553
- Sewer
- Sewer Connected
Property Description
Back on Market. Great investment opportunity zoned High Density with an opportunity to build 4 units. Rehab back into a triplex or convert to duplex to sell or keep as a great cash flowing property. Rent's reflected prior to fire. The main unit features 4 beds and 1.5 baths. W/D in unit, Dishwasher, and formal living space with fireplace and private yard. 4 bedrooms and a bath upstairs with a 1/2 bath off primary. Main unit untouched by fire. The 1 bedroom unit features w/d hookups and 3/4 bath. 3 bedroom unit featured W/D, dishwasher, living/dining area, private yard and storage. Plenty of parking and 2 car ports. Units were separately metered for electricity. Sold as is.
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Additional Information
- List Date
- 2024-12-17 00:00:00
- Community
- Lacey
- Net Operating Income
- $43,506
- Gross Adjusted Income
- $56,019
- Gross Scheduled Income
- $58,968
- Total Monthly Income
- $4,914
- Insurance Expenses
- $1,749
- Water/Sewer/Garbage Expenses
- $3,054
- Gross Rent Multiplier
- 11.6
- Total Expenses
- $12,513
- Cap Rate
- 6.6
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 1420
- Potential Terms
- Cash Out
- Year Built
- 1956
- Roof
- Composition
- Site Features
- Outbuildings
- Electric Expenses
- 982
- Other Expenses
- 1360
- Energy Source
- Electric, Natural Gas
- School District
- North Thurston
- Total Monthly Income
- $4,914
- Gross Scheduled Income
- $58,968
- Vacancy Rate
- 5
- Gross Adjusted Income
- $56,019
- Tax Year
- 2024
- Insurance Expense
- $1,749
- W/S/G Expenses
- $3,054
- Total Expenses
- $12,513
- Net Operating Income
- $43,506
- Gross Rent Multiplier
- 11.6
- Cap Rate
- 6.6
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.