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(253) 209-4200
Real Estate Company
1033 Midway Drive NE, Lacey, WA 98516
- $590,000
- 2,096
- SqFt
Listing Broker: Windermere Real Estate Olympia; Steve Garrett; ; Selling Office: Windermere Real Estate Olympia.
- Sold Price
- $590,000
- List Price
- $590,000
- Status
- SOLD
- MLS#
- 2318841
- Closing Date
- Mar 20, 2025
- Days on Market
- 12
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,096
- Area Total SqFt
- 2096
- Annual Tax Ammount
- 4835
- Lot Size (sq ft)
- 9,900
- Sewer
- Septic Tank
Property Description
Exceptional investor opportunity. Units are in impeccable condition with outstanding tenants. Units have had a number of upgrades. Strong rental income with solid leases in place. Ideal location near I-5, major stores and JBLM. Large fenced yards. Each unit has a double car garage.
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Additional Information
- List Date
- 2025-03-08 00:00:00
- Community
- Lacey
- Net Operating Income
- $43,923
- Gross Adjusted Income
- $43,923
- Gross Scheduled Income
- $51,540
- Total Monthly Income
- $43,920
- Insurance Expenses
- $1,045
- Water/Sewer/Garbage Expenses
- $1,740
- Gross Rent Multiplier
- 7
- Total Expenses
- $7,620
- Cap Rate
- 7
- Total Number of Units
- 2
- Unit Name
- 1033
- Potential Terms
- Conventional
- Year Built
- 1972
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, Patio
- Energy Source
- Natural Gas
- School District
- North Thurston
- Elementary School
- Lydia Hawk Elem
- Middle School
- Chinook Mid
- High School
- North Thurston High
- Total Monthly Income
- $43,920
- Gross Scheduled Income
- $51,540
- Gross Adjusted Income
- $43,923
- Tax Year
- 2024
- Insurance Expense
- $1,045
- W/S/G Expenses
- $1,740
- Total Expenses
- $7,620
- Net Operating Income
- $43,923
- Gross Rent Multiplier
- 7
- Cap Rate
- 7
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.