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    18420 Old Hwy 99 SW

    Rochester, WA 98579
    • $3,000,000
    • STATUS: Pending
    • ON SITE: 57 Days
    • ID#: 1825616
    Under Contract
    UPDATED: 72 min ago
    $3,000,000
    • 0
      BEDS
    • 6.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 19,072
      SQFT
    • $157
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1978
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Networks Real Estate Llc.

    Description

    THE PERFECT INVESTMENT...16 UNITS IN UP AND COMING GRAND MOUND AREA. HARD TO FIND 3 BED 1.5 BATH UNITS with large backyards. 8 meticulously maintained duplexes with many featuring updates and upgrades. 2 class B wells supply the unlimited water. Roofs all between 1-12 years old and the plumbing has been upgraded as well. Big DRY BOX storage unit too! Locking mailboxes for added security. 15 years ago Grand Mound was an exit with a gas station...now it's thriving with NEW businesses such as Great Wolf Lodge, Burger King, Talking Cedar Distillery and many more. Many rents below market. Room to grow here! Just a nice place to live as evidenced by virtually non existent vacancy rate.

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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 Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-17T13:14:56.057.

    www.recordrre.com/homes/120667833
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    18420 Old Hwy 99 SW Rochester, WA 98579

    • Price: $3,000,000
    • Status: Pending
    • Updated: 72 min ago
    • ID#: 1825616
    0
    Beds
    0
    Baths
    0
    ½ Baths
    6.43
    Acres
    19,072
    SQFT
    $157
    $/SQFT
    1978
    Built
    Neighborhood:
    Grand Mound
    County:
    Thurston
    Area:
    Rochester/Independence/Gate
    Elementary School:
    Grand Mound Elem
    Middle School:
    Rochester Mid
    High School:
    Rochester High
    School District:
    Rochester
    Property Description
    THE PERFECT INVESTMENT...16 UNITS IN UP AND COMING GRAND MOUND AREA. HARD TO FIND 3 BED 1.5 BATH UNITS with large backyards. 8 meticulously maintained duplexes with many featuring updates and upgrades. 2 class B wells supply the unlimited water. Roofs all between 1-12 years old and the plumbing has been upgraded as well. Big DRY BOX storage unit too! Locking mailboxes for added security. 15 years ago Grand Mound was an exit with a gas station...now it's thriving with NEW businesses such as Great Wolf Lodge, Burger King, Talking Cedar Distillery and many more. Many rents below market. Room to grow here! Just a nice place to live as evidenced by virtually non existent vacancy rate.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 16 Exterior Features WoodWood Products Lot Features Paved Open Parking Spaces 32 Open Parking YN Yes Parking Total 48 Parking Uncovered Spaces 32 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View Territorial View YN Yes Waterfront YN No

    Interior Features

    Building Area Total 19072 Fireplace YN No Flooring VinylCarpet Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

    Property Features

    Electric On Property YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 234042 New Construction YN No Possession Closing Possible Use Multi-Family Power Company Pse Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Senior Community YN No Sewer Septic Tank Sewer Company Septics Site Features Cable TvOutbuildings Special Listing Conditions None Tax Annual Amount 12478 Tax Year 2021 Units In Building Total 16 Utilities Cable ConnectedSeptic SystemElectricity AvailableIndividual Well Water Company Individual Wells Water Source Individual Well Zoning Class Multi-Family Zoning Jurisdiction County

    Listing information © 2021 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 Engel & Völkers Federal Way 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 Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-17T13:14:56.057.

     
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    Engel & Völkers Federal Way
    2012 S. 320th St. Suite A
    Federal Way WA, 98003
    Listing Courtesy of Networks Real Estate Llc.