6711 Kinwood Park Lane Lane SE

    Olympia, WA 98503
    • $449,000
    • STATUS: Pending
    • ON SITE: 62 days
    • ID#: 1386491
    Under Contract
    UPDATED: 51 min ago
    $449,000
    • 0
      BEDS
    • 0.62
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,584
      SQFT
    • $125
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1986
    County:
    Area:

    School Ratings & Info

    School District:
    Listing Courtesy of Homesmart Real Estate Assoc.

    Description

    Wonderful opportunity to own an income producing 4 plex. Long time residents and stable vacancy provide a great cap rate of 6.4%. Rents are currently below market value which makes this an even better situation for profit. Units include their own sets of washer/dryer! Located close to shopping, amenities and freeway yet secluded in a quiet setting in a cul-de-sac and tranquil location. These units do not become available very often so now is your chance to make a great investment!

    Monthly Payment Calculator

    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 2019-01-17T09:14:21.253.

    www.kimberlygartlandgroup.com/homes/89467151

    6711 Kinwood Park Lane Lane SE Olympia, WA 98503

    • Price: $449,000
    • Status: Pending
    • Updated: 51 min ago
    • ID#: 1386491
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.62
    Acres
    3,584
    SQFT
    $125
    $/SQFT
    1986
    Built
    Neighborhood:
    Tanglewilde
    County:
    Thurston
    Area:
    Lacey
    School District:
    North Thurston
    Property Description
    Wonderful opportunity to own an income producing 4 plex. Long time residents and stable vacancy provide a great cap rate of 6.4%. Rents are currently below market value which makes this an even better situation for profit. Units include their own sets of washer/dryer! Located close to shopping, amenities and freeway yet secluded in a quiet setting in a cul-de-sac and tranquil location. These units do not become available very often so now is your chance to make a great investment!
    Exterior Features

    Building Condition Average Carport Spaces 4 Exterior WoodWood Products Foundation Poured Concrete Garage Spaces 0 Lot Details Cul-de-sacCurbsDead End StreetOpen SpacePaved StreetSecluded Roof Composition Stories In Building 2 Style 54 - 4-Plex Total Parking Spaces 8 Uncovered Spaces 4

    Interior Features

    Floor Covering Laminate TileVinylWall 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 950 Unit1 Washer Dryer Y Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 950 Unit2 Washer Dryer Y Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 950 Unit3 Washer Dryer Y Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 950 Unit4 Washer Dryer Y Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven N Unit5 Refrigerator N Unit5 Sq Ft 0 Unit5 Washer Dryer N Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven N Unit6 Refrigerator N Unit6 Sq Ft 0 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 6.40 Electrical Expenses 260 Energy Source Electric EPSEnergy 0 Form17 Provided Gross Adjusted Income 38400 Gross Rent Multiplier 13 Gross Scheduled Income 38400 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 920 Leased Items None Lot Number 7 Net Operating Income 31995 New Construction YN No Other Expenses 0 Possession Sub. Tenant's Rights Power Company Puget Sound Energy Right Of First Refusal No Septic Approved For Number Of Bedrooms 8 Sewer Septic Sewer Company N/A Site Features DeckPatio Tax Amount 5157 Tax Year 2018 Terms Cash OutConventionalFHAVA Third Party Approval Required None Total Expenses EXP 6937 Total Expenses TEX 6937 Total Monthly Income 3200 Unit1 Monthly Rent 750 Unit2 Monthly Rent 850 Unit3 Monthly Rent 750 Unit4 Monthly Rent 850 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 0 Water Company City Of Lacey Water Sewer Garbage 600 Water Source Public

    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 2019-01-17T09:14:21.253.

     
    Kimberly Gartland Group - Keller Williams Realty
    5263 Olympic Drive NW, Suite B
    Gig Harbor WA, 98335
    Listing Courtesy of Homesmart Real Estate Assoc.