316 Choker St SE

    Lacey, WA 98503
    • $1,295,000
    • STATUS: Pending
    • ON SITE: 80 days
    • ID#: 1239382
    Under Contract
    UPDATED: 61 min ago
    $1,295,000
    • 0
      BEDS
    • 0.64
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1995
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Kidder Mathews.

    Description

    The Choker 10 plex consists of 10 two bedrooms one bathroom units. Tenants pay separately metered electric and Landlord pays for water, sewer, refuse, and common electric. The apartments are in the growing Olympia rental markets. These units sit close to the Lacey Town center, proving jobs, entertainment, and retail. An investor can add value by increasing the rents to market and billing the Tenants back for utilities.

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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 Keller Williams Realty Greater Seattle are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-04-21T14:16:58.

    www.nwhomehunter.com/homes/80367715

    316 Choker St SE Lacey, WA 98503

    • Price: $1,295,000
    • Status: Pending
    • Updated: 61 min ago
    • ID#: 1239382
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.64
    Acres
    1995
    Built
    Neighborhood:
    Lacey
    County:
    Thurston
    Area:
    Hawks Prairie
    School District:
    North Thurston
    Property Description
    The Choker 10 plex consists of 10 two bedrooms one bathroom units. Tenants pay separately metered electric and Landlord pays for water, sewer, refuse, and common electric. The apartments are in the growing Olympia rental markets. These units sit close to the Lacey Town center, proving jobs, entertainment, and retail. An investor can add value by increasing the rents to market and billing the Tenants back for utilities.
    Exterior Features

    Carport Spaces 0 Exterior Wood Garage Spaces 0 Roof Composition Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 15 Uncovered Spaces 15

    Interior Features

    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 1014 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 1014 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 1014 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 1014 Unit4 Washer Dryer Y Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 1014 Unit5 Washer Dryer Y Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 1014 Unit6 Washer Dryer Y Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 5.46 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided Gross Adjusted Income 108205 Gross Rent Multiplier 11 Gross Scheduled Income 113900 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 2100 Leased Items None Net Operating Income 70580 New Construction YN No Other Expenses 28311 Possession Closing Septic Approved For Number Of Bedrooms 0 Sewer Septic Tax Amount 11758 Tax Year 2017 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 37447 Total Expenses TEX 37447 Total Monthly Income 9405 Unit1 Monthly Rent 975 Unit2 Monthly Rent 975 Unit3 Monthly Rent 895 Unit4 Monthly Rent 895 Unit5 Monthly Rent 975 Unit6 Monthly Rent 895 Vacancy Rate 5 Water Sewer Garbage 7036

    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 Keller Williams Realty Greater Seattle 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 Keller Williams Realty Greater Seattle are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-04-21T14:16:58.

     
    Keller Williams Realty Greater Seattle
    1307 N 45th St Suite 300
    Seattle WA, 98103
    Listing Courtesy of Kidder Mathews.