5490 50th Avenue SE, Lacey, WA 98503

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Listing Broker: RE/MAX Parkside Affiliates; Dan Sweeney; ; Selling Office: John L. Scott, Inc.

Sold Price
$550,000
List Price
$549,700
Status
SOLD
MLS#
2286256
Closing Date
Oct 07, 2024
Days on Market
13
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,976
Area Total SqFt
1976
Annual Tax Ammount
4680
Internet Provider
Xfinity
Lot Size (sq ft)
10,646
Sewer
Sewer Connected

Property Description

Absolute HUB location in Lacey WA! Minutes to everything:/ I-5 north & South / JBLM / Work / Schools / Lakes / Golf . 2br / 1.5 bath units with 1 car garages. Big fenced yard and patio spaces. High activity Rainier Vista Park anchors this location. Its Right There! Direct access to any sport, relaxation or open space one desires. Appealing corner lot. Quality set-up for owner occupied or investment. Washer/Dryer connections per unit. Floor plans provide for large primary bedrooms. Roof, flooring, appliances included in relatively recent upgrades.

Additional Information

List Date
2024-09-24 00:00:00
Community
Lacey
Net Operating Income
$32,120
Gross Adjusted Income
$37,800
Gross Scheduled Income
$37,800
Total Monthly Income
$3,150
Insurance Expenses
$1,000
Gross Rent Multiplier
14
Total Expenses
$5,680
Cap Rate
5.95
Total Number of Units
2
Unit Name
5490
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1990
Roof
Composition
Site Features
Cable TV, Fenced-Partially, High Speed Internet, Patio
Energy Source
Electric
School District
North Thurston
Elementary School
Lakes Elem
Middle School
Komachin Mid
High School
Timberline High
Total Monthly Income
$3,150
Gross Scheduled Income
$37,800
Gross Adjusted Income
$37,800
Tax Year
2024
Insurance Expense
$1,000
Total Expenses
$5,680
Net Operating Income
$32,120
Gross Rent Multiplier
14
Cap Rate
5.95
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.
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