6601 SW 198th Ave

    Rochester, WA 98579
    • $2,050,000
    • STATUS: Pending
    • ON SITE: 222 days
    • ID#: 1346165
    Under Contract
    UPDATED: 49 min ago
    $2,050,000
    • 0
      BEDS
    • 4.77
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1975
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Prime Locations Inc..

    Description

    Fantastic investment opportunity in Rochester, WA. 22 units made up of 9 duplexes and one four-plex. Potential to build more units on-site, to be verified through Thurston County. New 30 year roofs in 2015, double pane vinyl windows, new exterior paint in last 24 months, low maintenance, and upside in rents.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-03-25T09:13:31.853.

    www.kimberlygartlandgroup.com/homes/86564815

    6601 SW 198th Ave Rochester, WA 98579

    • Price: $2,050,000
    • Status: Pending
    • Updated: 49 min ago
    • ID#: 1346165
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.77
    Acres
    1975
    Built
    Neighborhood:
    Grand Mound
    County:
    Thurston
    Area:
    Rochester/Independence/Gate
    Elementary School:
    Rochester Primary Sc
    Middle School:
    Rochester Mid
    High School:
    Rochester High
    School District:
    Rochester
    Property Description
    Fantastic investment opportunity in Rochester, WA. 22 units made up of 9 duplexes and one four-plex. Potential to build more units on-site, to be verified through Thurston County. New 30 year roofs in 2015, double pane vinyl windows, new exterior paint in last 24 months, low maintenance, and upside in rents.
    Exterior Features

    Carport Spaces 0 Exterior Wood Garage Spaces 0 Roof Composition Stories In Building 1 Style 56 - 6-9 Units Total Parking Spaces 40 Uncovered Spaces 40

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 864 Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 864 Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 864 Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 864 Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 864 Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 864 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 5.10 Electrical Expenses 400 Energy Source Electric EPSEnergy 0 Form17 Not Provided General Zoning Classification Multi-Family Gross Adjusted Income 183848 Gross Rent Multiplier 11 Gross Scheduled Income 190200 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 7600 Leased Items None Net Operating Income 112275 New Construction YN No Other Expenses 33962 Possession Closing Septic Approved For Number Of Bedrooms 0 Sewer Septic Tax Amount 18600 Tax Year 2017 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 71572 Total Expenses TEX 71572 Total Monthly Income 190200 Unit1 Monthly Rent 725 Unit2 Monthly Rent 725 Unit3 Monthly Rent 725 Unit4 Monthly Rent 725 Unit5 Monthly Rent 395 Unit6 Monthly Rent 725 Vacancy Rate 3 Water Sewer Garbage 11280

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Kimberly Gartland Group - Keller Williams Realty and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-03-25T09:13:31.853.

     
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