100 N 8th Ave SW $1,500,000

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    100 N 8th Ave SW Tumwater, WA 98512

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    $1,500,000

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    • 0 Beds
    • 0 Baths
    • 11,559 sq. ft.
    • Multi-Family
    • Listing# 1622751
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    Views: 1 Days On Market: 2

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    Property Details

    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%!

    • General Features
      • County Thurston
      • County1 Thurston
      • Lot Details Dead End Street, Paved Street
      • Lot Square Footage 12,916
      • Number of Stories 3
      • Number of Units 10
      • Selling Office Commission 2.5
      • Site Features Cable TV, Deck, High Speed Internet
      • Style 56-10+ Units
      • View Territorial
      • Year Built 1968
    • Building Features
      • Roof Flat
      • Exterior Wood
      • Amenities Coin Op Laundry, Storage
      • Approx SqFt 11,559
      • Floor Covering Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $10,000
      • Net Operating Income $81,834
      • Gross Scheduled Income $118,200
      • Gross Adjusted Income $115,836
      • Total Expenses $34,002
      • Other Expenses $9,456
      • Insurance Expenses $4,848
      • Expenses $34,002
      • Heating Expenses $0
      • Electrical Expenses $1,158
      • Gross Rent Multiplier 13
    • Utilities and Taxes
      • Tax Year 2020
      • Tax Amount $10,484
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Water Company City of Tumwater
      • Sewer Company Sewer Connected
    • Schools
      • School District Tumwater

    Contact

    Coldwell Banker Evergreen Olympic Realty

    Coldwell Banker Evergreen Olympic Realty

    Office

    Coldwell Banker Evergreen Olympic Realty

    Business: 360-352-7651

    Neighborhood

    98512 (Tumwater) Demographics

    40 Median Age
    197 Population Density (per sq. mile)
    45% College Educated
    $67,663 Estimated Median Income
    7,870 Estimated Total Home Owners
    3,730 Estimated Total Renters
    68% / 32% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    29,666 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $385,450 Median Sales Price
    40 Homes Sold
    58 New On Market

    Average Days on Market

      Properties for Sale

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        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,500,000
        6/30/2020 12:02:00 PM New in Database Source

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

        This property search is part of the Coldwell Banker Evergreen Olympic Realty, Inc. website. Listing information is courtesy of the WA-NWMLS and Coldwell Banker Evergreen Olympic Realty, Inc.. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2020. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.



        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.