Bought with John L. Scott Lacey
$1,500,000
$1,500,000
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100 N 8th AVE SW Tumwater, WA 98512
11,559 SqFt
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,559 sqft
Price per Sqft $129
Subdivision Tumwater Hill
MLS Listing ID 1622751
Sold Date 09/11/20
Style 56 - 10+ Units
Year Built 1968
Annual Tax Amount $10,484
Lot Size 0.297 Acres
Property Description
Great investment opportunity on coveted Tumwater Hill! With close proximity to the freeway, state offices, schools, shopping & restaurants, this well-maintained building rarely experiences vacancies. Featuring two 2-BR, 1-BA & eight 1-BR, 1-BA units w/ private decks, covered parking & storage units on the parking level. New roof, w/ added pitch, & gutters in 2010 & new sewer line in 2019. Don’t purchase based on proforma! Current CAP rate is above 5%!
Location
State WA
County Thurston
Area 443 - Tumwater
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Cable Connected, High Speed Internet, Sewer Connected, Electric
Amenities Available Cable TV, Deck, High Speed Internet
View Y/N Yes
View Territorial
Roof Type Flat
Building
Lot Description Dead End Street, Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Tumwater
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157