Listing Courtesy of: Northwest MLS / Windermere Real Estate/Shoreline / JC Gagnaire
$1,385,000
12
BED
6
BATH
7,680
SQFT
  1210 East St SE Lacey, WA 98503
Canceled (14 Days)

Comments

East Steet Apartments consists of two 4-unit multi-family buildings. 2 bedroom, 1 bathroom layouts. Coin operated on-site laundry in each building producing additional income. Currently operating at below market rents. 2 new roofs, exterior paint, 4 new water heaters and new appliances in all the units within the last 2 years (Major remodel in 1 unit in 2019). Close to shopping, restaurants, schools, and public transit. 2nd Parcel #71500800800. Actual rental income is used for 5.5% Cap rate.

MLS #
1621020
Taxes
$9,231 (2019)
Lot Size
0.36 acres
Type
Multifamily
Year Built
1986
Style
5-9 Units
School District
North Thurston
County
Thurston County
Community
Lacey
Bathroom Details
Lot Information
  • Paved Street
Property Features
  • Fenced-Partially
  • Cable Tv
Heating and Cooling
  • Wall
Exterior Features
  • Wood Products
  • Roof: Composition
Utility Information
  • Sewer: Sewer Connected
  • Energy: Electric
School Information
  • Elementary School: Buyer to Verify
  • Middle School: Buyer to Verify
  • High School: Buyer to Verify
Additional Listing Info
  • Selling Office Commission: 2.5%
Location
   
Calculate drive times to this property
 

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jul 14, 2020
Price Changed
$1,385,000
7%
90,000
Jun 29, 2020
Original Price
$1,295,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.
Lella Norberg
Lella Norberg
Lic. 26094