1420 Magnolia Street SE Lacey, WA 98503

Active (18 Days)

$650,000

3,376

SQFT

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Description

Great cash flowing rental in Lacey minutes from I5. 6.6% cap rate! First time on the market since 1991 and fully rented. The main unit features 4 beds and 1.5 baths. W/D in unit, Dishwasher, and formal living space with fireplace and private yard. 4 bedroom and a upstairs with a 1/2 bath down. The 3 bedroom unit features w/d hookups and 3/4 bath. Plenty of parking and 2 car ports. Units are fully rented. 2 are on term leases and one is month to month.

MLS #:
2299720

Taxes
$5,367(2024)

Lot Size
0.38 acres

Type
Multifamily

Year Built
1956

Style
Tri-Plex

School District
North Thurston

County
Thurston County

Community
Lacey

Listed By

Mark DePaul, Windermere Professional Partners

Source
Northwest MLS as distributed by MLS Grid
Last checked Oct 27 2024 at 6:26 AM GMT+0000

Bathroom Details

Subdivision

Lacey

Property Features

Outbuildings
Fireplace: 0
Foundation: Poured Concrete

Heating and Cooling

Forced Air
Baseboard

Exterior Features

Metal/Vinyl
Roof: Composition

Utility Information

Sewer: Sewer Connected
Fuel: Natural Gas, Electric

Additional Listing Info

Buyer Brokerage Compensation: 3

Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.

Location

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Estimated Monthly Mortgage Payment

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

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer: Based on information submitted to the MLS GRID as of 2024 10/26/24 23:26. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.