2054 Roosevelt Avenue, Enumclaw, WA 98022
- $2,595,000
- 7,224
- SqFt
Listing courtesy of eXp Realty.
- List Price
- $2,595,000
- Status
- PENDING INSPECTION
- MLS#
- 2513957
- Price Change
- ▼ $55,000 1780435708
- Days on Market
- 274
- Style
- 56 - 10+ Units
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 7,224
- Area Total SqFt
- 7224
- Annual Tax Ammount
- 19307
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 59,982
- Sewer
- Sewer Connected
Property Description
GREAT ENUMCLAW LOCATION! VALUE-ADD INVESTMENT WITH MULTIPLE OPTIONS! 15 separately deeded units: 14 residential condos & 1 vacant lot of 9,581sf. Condos currently rented long-term under market. Vacant lot not rented. Potential to convert units to mid-term or short-term rentals. Or sell each condo individually at about $250K+ each (no inventory in town). Potential to build on vacant lot. Deeded parking to each unit. Condos and complex have been nicely upgraded, maintained and well managed. Additional income from 5 storage units plus updated laundry room. Lots of grass areas, a spacious common courtyard, and, plentiful parking make this a highly desirable home for tenants. Very nice, high quality tenants. Great location walking distance to downtown Enumclaw.
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Additional Information
- List Date
- 2025-10-28 19:49:11
- Community
- Enumclaw
- Net Operating Income
- $168,897
- Gross Adjusted Income
- $194,313
- Gross Scheduled Income
- $204,540
- Insurance Expenses
- $2,000
- Water/Sewer/Garbage Expenses
- $10,937
- Gross Rent Multiplier
- 15.64
- Total Expenses
- $38,927
- Cap Rate
- 5.28
- Vacancy Rate
- 5
- Total Number of Units
- 14
- Unit Name
- 2054
- Potential Terms
- Cash, Conventional
- Year Built
- 1947
- View
- Territorial
- Roof
- Composition
- Site Features
- Cabana/Gazebo
- Electric Expenses
- 2691
- Other Expenses
- 1969
- Energy Source
- Electric
- School District
- Enumclaw
- Elementary School
- Southwood Elem
- Middle School
- Enumclaw Mid
- High School
- Enumclaw Snr High
- Gross Scheduled Income
- $204,540
- Vacancy Rate
- 5
- Gross Adjusted Income
- $194,313
- Tax Year
- 2024
- Insurance Expense
- $2,000
- W/S/G Expenses
- $10,937
- Total Expenses
- $38,927
- Net Operating Income
- $168,897
- Gross Rent Multiplier
- 15.64
- Cap Rate
- 5.28
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.