1307-1315 Sprague St NW

    Yelm, WA 98597
    • $1,200,000
    • STATUS: Pending
    • ON SITE: 199 days
    • ID#: 1239602
    Under Contract
    UPDATED: 65 min ago
    $1,200,000
    • 0
      BEDS
    • 1.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:
    Area:

    School Ratings & Info

    School District:
    Listing Courtesy of Kidder Mathews.

    Description

    The Yelm duplexes consist of 5 separately parceled buildings being sold together for a total of 10 units. This property makes a great value-add investment due to its large unit sizes and strong occupancy rate, units have been 100 percent occupied for over the last ten years. An investor can add value by increasing the rents to market and billing back for utilities. Current rents are about $.72 per square foot per month and market rents are $1.10.

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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 Real Estate Solutions Group - NWRE LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-08-18T09:15:46.68.

    www.resg.com/homes/80377748

    1307-1315 Sprague St NW Yelm, WA 98597

    • Price: $1,200,000
    • Status: Pending
    • Updated: 65 min ago
    • ID#: 1239602
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.46
    Acres
    1970
    Built
    Neighborhood:
    Yelm
    County:
    Thurston
    Area:
    Yelm/Rainier
    School District:
    Yelm
    Property Description
    The Yelm duplexes consist of 5 separately parceled buildings being sold together for a total of 10 units. This property makes a great value-add investment due to its large unit sizes and strong occupancy rate, units have been 100 percent occupied for over the last ten years. An investor can add value by increasing the rents to market and billing back for utilities. Current rents are about $.72 per square foot per month and market rents are $1.10.
    Exterior Features

    Carport Spaces 0 Exterior Wood Garage Spaces 10 Roof Composition Stories In Building 1 Style 56 - 6-9 Units Total Parking Spaces 20 Uncovered Spaces 10

    Interior Features

    Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 800 Unit1 Washer Dryer Y Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 800 Unit2 Washer Dryer Y Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 800 Unit3 Washer Dryer Y Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 800 Unit4 Washer Dryer Y Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 800 Unit5 Washer Dryer Y Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 800 Unit6 Washer Dryer Y Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 5.30 Electrical Expenses 2200 Energy Source Electric EPSEnergy 0 Form17 Not Provided Gross Adjusted Income 94910 Gross Rent Multiplier 12 Gross Scheduled Income 97800 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 2500 Leased Items None Net Operating Income 63540 New Construction YN No Other Expenses 12840 Possession Closing Septic Approved For Number Of Bedrooms 0 Sewer Septic Tax Amount 8830 Tax Year 2017 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 31370 Total Expenses TEX 31370 Total Monthly Income 8150 Unit1 Monthly Rent 850 Unit2 Monthly Rent 775 Unit3 Monthly Rent 825 Unit4 Monthly Rent 975 Unit5 Monthly Rent 775 Unit6 Monthly Rent 700 Vacancy Rate 5 Water Sewer Garbage 5000

    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 Real Estate Solutions Group - NWRE LLC 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 Real Estate Solutions Group - NWRE LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-08-18T09:15:46.68.

     
    Real Estate Solutions Group - NWRE LLC
    1027 State Ave, Suite 102
    Marysville WA, 98270
    Listing Courtesy of Kidder Mathews.