218 3rd Avenue SW, Pacific, WA 98047
- $950,000
- 2,492
- SqFt
Listing courtesy of Northmarq Multifamily, LLC. Selling Office: Marketplace Sotheby's Intl Rty.
- Sold Price
- $950,000
- List Price
- $950,000
- Status
- SOLD
- MLS#
- 2354811
- Closing Date
- May 30, 2025
- Days on Market
- 9
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 2,492
- Area Total SqFt
- 2492
- Annual Tax Ammount
- 6980
- Lot Size (sq ft)
- 12,000
- Sewer
- Sewer Connected
Property Description
SELLER FINANCING! Seller will finance up to 75% of the purchase price at 5.5% interest-only for up to 5 years. Renovated 4-plex in Pacific, WA featuring four 2 bed / 1 bath units with updated interiors, including new cabinets, appliances, countertops, flooring, paint, and trim. Built in 1984, the building is well maintained and includes brand new commercial laundry, off-street parking for 8 vehicles, and a private, landscaped yard space for tenant use. Current rents average $1,394 per unit plus a $150 utility fee. Located on a quiet residential street with convenient access to Hwy 167, Auburn, Sumner, and nearby employers. A great fit for both investors seeking solid cash flow and buyers looking to live in one unit while renting the others.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2025-05-21 00:00:00
- Community
- Pacific
- Net Operating Income
- $58,888
- Gross Adjusted Income
- $77,460
- Gross Scheduled Income
- $77,460
- Total Monthly Income
- $6,455
- Insurance Expenses
- $2,100
- Water/Sewer/Garbage Expenses
- $9,186
- Gross Rent Multiplier
- 12.26
- Total Expenses
- $18,572
- Cap Rate
- 6.2
- Total Number of Units
- 4
- Unit Name
- 218
- Potential Terms
- Cash Out, Conventional, Owner Financing
- Year Built
- 1984
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially
- Electric Expenses
- 306
- Energy Source
- Electric
- School District
- Auburn
- Total Monthly Income
- $6,455
- Gross Scheduled Income
- $77,460
- Gross Adjusted Income
- $77,460
- Tax Year
- 2025
- Insurance Expense
- $2,100
- W/S/G Expenses
- $9,186
- Total Expenses
- $18,572
- Net Operating Income
- $58,888
- Gross Rent Multiplier
- 12.26
- Cap Rate
- 6.2
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.