507 Grinnell Ave SW

    Orting, WA 98360
    • $395,950
    • STATUS: Pending Inspection
    • ON SITE: 112 days
    • ID#: 1229528
    Under Contract
    UPDATED: 32 min ago
    $395,950
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,600
      SQFT
    • $152
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1969
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Century 21 Northwest.

    Description

    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!

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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 Mike & Sandi Nelson Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-04-26T18:19:03.447.

    www.searchkitsaphomes.com/homes/79673779

    507 Grinnell Ave SW Orting, WA 98360

    • Price: $395,950
    • Status: Pending Inspection
    • Updated: 32 min ago
    • ID#: 1229528
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    2,600
    SQFT
    $152
    $/SQFT
    1969
    Built
    Neighborhood:
    In Town
    County:
    Pierce
    Area:
    Orting
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Orting
    Property Description
    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!
    Exterior Features

    Building Condition Very Good Carport Spaces 0 Exterior BrickWoodWood Products Foundation Poured Concrete Garage Spaces 0 Lot Details Paved Street Roof Composition Stories In Building 1 Style 54 - 4-Plex Total Parking Spaces 14 Uncovered Spaces 14

    Interior Features

    Heating And Cooling Forced AirWall Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 0 Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 0 Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 0 Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 0 Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Amenities Coin Op LaundryThermal Windows Bank Owned No Cap Rate 8.00 Electrical Expenses 500 Energy Source Electric EPSEnergy 0 Form17 Provided Gross Adjusted Income 38400 Gross Rent Multiplier 10 Gross Scheduled Income 38400 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 600 Leased Items None Net Operating Income 33931 New Construction YN No Other Expenses 0 Possession Closing Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Orting Site Features Cable TVFenced-PartiallyOutbuildingsPatioRV Parking Tax Amount 3619 Tax Year 2017 Terms ConventionalFHAUSDAVA Third Party Approval Required None Total Expenses EXP 7719 Total Expenses TEX 7719 Total Monthly Income 3200 Unit1 Monthly Rent 825 Unit2 Monthly Rent 675 Unit3 Monthly Rent 675 Unit4 Monthly Rent 825 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 0 Water Company City Of Orting Water Sewer Garbage 3000 Water Source Public

    Listing information © 2018 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 Mike & Sandi Nelson Real Estate 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 Mike & Sandi Nelson Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-04-26T18:19:03.447.

     
    Mike & Sandi Nelson Real Estate
    Serving all your real estate needs
    Kitsap County WA,
    Listing Courtesy of Century 21 Northwest.