SunQuest Realty

507 Grinnell Ave SW, Orting, WA 98360 (MLS # 1229528)

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Listing provided by Century 21 Northwest, sold by Better Properties Real Estate

PRICE $395,950
BEDS 6
BATHS 4 baths
HOME SIZE 2,600 sq ft
LOT SIZE 14,400 sqft

Golden Opportunity!4-PLEX,Fully-occupied with long-term tenants.Rent is below market value creating lots of potential.8%Cap Rate Means Positive Cash Flow Money In Your Pocket Every Monthl!Unit count consists of (2)2bed/1bath units and (2)1bed/1bath;Newer windows,Siding,Paint,Brand New Roof and coin-op laundry for additional income.Detached storage units;sits on.33 Acre lot with potential to build ADDITIONAL BUILDING(s)PLEASE DO NOT DISTURB THE TENANTS!Inspections can be done with accepted offer!

DAYS ON MARKET 117 LAST UPDATED 5/4/2018
YEAR BUILT 1969 COMMUNITY In Town
COUNTY Pierce STATUS Sold
PROPERTY TYPE(S) Multi Family

SCHOOLS
School District Orting
Elementary School Buyer To Verify
Jr. High School Buyer To Verify
High School Buyer To Verify

PRICE HISTORY
Prior to Feb 9, '18 $399,950
Feb 9, '18 - Feb 10, '18 $409,950
Feb 10, '18 - Feb 27, '18 $399,950
Feb 27, '18 - Today $395,950


ADDITIONAL DETAILS
AMENITIES Coin Op Laundry, Thermal Windows
ANNUAL TAXES 3619
APN 3913000051
AREA 114 - Orting
BANK/REO OWNED N
BATHROOMS1 1.00, 1.00
BATHROOMS2 1.00, 1.00
BATHROOMS3 1.00, 1.00
BATHROOMS4 1.00, 1.00
BATHROOMS5 0.00, 0.00
BATHROOMS6 0.00, 0.00
BEDROOMS1 2
BEDROOMS2 1
BEDROOMS3 1
BEDROOMS4 2
BEDROOMS5 0
BEDROOMS6 0
BUILDING CONDITION Very Good
CAP RATE (NOI / LP) 8.00
ELECRICAL EXPENSES 500
ENERGY SOURCE Electric
EXTERIOR Brick, Wood, Wood Products
FORM 17 Provided
FOUNDATION Poured Concrete
GROSS ADJUSTED INCOME 38400
GROSS RENT MULTIPLIER 10
GROSS SCHEDULED INCOME 38400
HEATING AND COOLING Forced Air, Wall
HEATING EXPENSES 0
HOME OWNER DUES 0
INSURANCE EXPENSES 600
LEASED ITEMS None
LOT DETAILS Paved Street
NET OPERATING INCOME 33931
OFFERS Reviewed on receipt
OTHER EXPENSES 0
POSSESION Closing
POTENTIAL TERMS Conventional, FHA, USDA, VA
PROPERTY TYPE MULT
RANGE/OVEN1 Y
RANGE/OVEN2 Y
RANGE/OVEN3 Y
RANGE/OVEN4 Y
REFRIGERATOR1 Y
REFRIGERATOR2 Y
REFRIGERATOR3 Y
REFRIGERATOR4 Y
ROOF Composition
SEWER Sewer Connected
SITE FEATURES Cable TV, Fenced-Partially, Outbuildings, Patio, RV Parking
SQUARE FEET UNIT 1 0
SQUARE FEET UNIT 2 0
SQUARE FEET UNIT 3 0
SQUARE FEET UNIT 4 0
SQUARE FEET UNIT 5 0
SQUARE FEET UNIT 6 0
STYLE 54 - 4-Plex
TAX YEAR 2017
TOTAL EXPENSES 7719
TOTAL MONTHLY INCOME 3200
TOTAL NUMBER OF PARKING SPACES 14
UNITS BELOW GRADE N
VACANCY RATE 0
WATER COMPANY City Of Orting
WATER SOURCE Public
Listing provided by Century 21 Northwest, sold by Better Properties Real Estate

Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2018. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2018 NWMLS. All rights are reserved.
Disclaimer: The information contained in this listing has not been verified by and should be verified by the buyer.
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ZESTIMATE
507 Grinnell Ave SW, Orting, WA

RENT ZESTIMATE
$ / mo.  507 Grinnell Ave SW, Orting, WA

50 Car-Dependent

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