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Listing ID: 1857600
Sold For: $499,950
Status: Closed
Address: 1527 65th Avenue SE
City: Tumwater
State: Washington
Postal Code: 98501
SqFt: 1,750
Acres: 0.259
County: Thurston
Great investment property is ready with lots and lots of improvements! Great location - close to state offices in Tumwater, I-5, Pioneer Park, etc. New roof, septic system and electrical panels in 2017. Unit 1 cosmetically updated in Feb '18 w/new floors, paint, trim, water tank, counters, appliances, lighting & new carpets in Sept 2020. Unit 2 recently updated w/new kitchen & appliances and new carpet/paint in summer 2020. Both units have washer/dryer hookups. Great storage options for tenants & ample parking! Unit 1 at $1600 through September 2022 and Unit 2 at $1600 through October 2022. No work needed on your part! Low utility cost with landlord paying water at $75 per month (avg) + no sewer bills (septic)!

Primary Features

County: Thurston
Price Before Reduction: 515000
Price Reduction Date: 2021-11-08T05:17:24+00:00
Property Sub Type: Multi-Family
Property Type: Residential Income
Subdivision: Tumwater
Year Built: 1973


Building Area Units: Square Feet
Flooring: Laminate, Vinyl, Carpet
Furnished: Unfurnished
Heating Cooling Type: Baseboard
Interior Features: Laminate Hardwood, Wall to Wall Carpet
Living Area Units: Square Feet
Stories Total: 1


Carport Spaces: 2
Elevation Units: Feet
Exterior Features: Wood Products
Foundation Details: Poured Concrete
Lot Features: Curbs, Paved, Sidewalk
Lot Size Square Feet: 11290
Lot Size Units: Square Feet
MLS Lot Size Source: County Records
Number Of Units Total: 2
Open Parking Spaces: 2
Parking Total: 4
Parking Uncovered Spaces: 2
Roof: Composition
Sewer: Septic Tank
Sewer Company: Septic
Structure Type: Duplex
Style Code: 52 - Duplex
Units Below Grade: false
Units In Building Total: 2
Utilities: Cable Connected, High Speed Internet, Septic System, Electricity Available
Water Company: Washington Water
Water Sewer Garbage: 857
Water Source: Community


Building Area Total: 1750
Country: US
High School District: Tumwater
MLS Area Major: 443 - Tumwater
Waterfront: no
Zoning Class: Multi-Family


Effective Year Built Source: Public Records
Mls Status: Sold
Offers: Seller intends to review offers upon receipt
Possible Use: Multi-Family
Power Company: Puget Sound Energy
Power Production Type: Electric
Preliminary Title Ordered: yes
Property Condition: Very Good
Site Features: Cable TV, High Speed Internet
Year Built Effective: 1973


Buyer Financing: Cash
Cap Rate: 6.69
Gross Adjusted Income: 38400
Gross Rent Multiplier: 13
Gross Scheduled Income: 38400
Insurance Expense: 887
Leasable Area: 1750
Leasable Area Units: Square Feet
Leased Items: None
Net Operating Income: 33440
Possession: Tenant's Rights
Sale Type: MLS
Seller Disclosure: Provided
Special Listing Conditions: None
Tax Annual Amount: 3216
Tax Year: 2021
Total Expenses: 4960
Total Monthly Income: 3200

Zoning Info

Area Info

The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by Heaton Dainard, LLC (2412) and should be verified by the buyer. © 2022 NWMLS. All rights reserved. Data last updated: Monday, December 5th, 2022 08:43:58 PM.
Closed Listing courtesy of Coldwell Banker Evergreen
Closed Listing courtesy of Coldwell Banker Evergreen

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