1512 Judd Street NE, Lacey, WA 98516
- $945,000
- 3,208
- SqFt
Listing courtesy of NextHome Northwest Group. Selling Office: Olympic Sotheby's Int'l Realty.
- Sold Price
- $945,000
- List Price
- $950,000
- Status
- SOLD
- MLS#
- 2352617
- Closing Date
- May 13, 2025
- Days on Market
- 9
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 3,208
- Area Total SqFt
- 3208
- Annual Tax Ammount
- 7203
- Lot Size (sq ft)
- 26,572
- Sewer
- Available, Septic Tank
Property Description
Great investment opportunity, 2 well maintained single story duplex's with garage's total of 4 units, on .61 acre lot zoned high density. Current zoning could be a possibility for additional units. Nice open concept floor plans with newer hard surface flooring throughout. Many updates in all units include kitchen, bathroom, windows and flooring. Big and level grass yards with private patios. property highly desirable for the tenants. Conveniently located to schools, shopping, and parks. Easy access to I-5 and JBLM. High cap rate with potential for even higher returns. Washer dryer hook ups tenants provide their own washer and dryers.
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Additional Information
- List Date
- 2025-05-04 00:00:00
- Community
- Lacey
- Net Operating Income
- $61,981
- Gross Adjusted Income
- $73,720
- Gross Scheduled Income
- $81,720
- Total Monthly Income
- $6,800
- Insurance Expenses
- $1,701
- Water/Sewer/Garbage Expenses
- $2,462
- Gross Rent Multiplier
- 11.64
- Total Expenses
- $11,739
- Cap Rate
- 6.53
- Vacancy Rate
- 9
- Total Number of Units
- 4
- Unit Name
- 1512
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1972
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet, Patio
- Electric Expenses
- 373
- 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
- $6,800
- Gross Scheduled Income
- $81,720
- Vacancy Rate
- 9
- Gross Adjusted Income
- $73,720
- Tax Year
- 2024
- Insurance Expense
- $1,701
- W/S/G Expenses
- $2,462
- Total Expenses
- $11,739
- Net Operating Income
- $61,981
- Gross Rent Multiplier
- 11.64
- Cap Rate
- 6.53
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.