Property Details

605 607 S Pine Avenue
Warden, WA 98857
$589,000
MLS# 2150149 courtesy of NWMLS Listing firm: RE/MAX, The Collective

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605 607 S Pine Avenue , Warden, WA 98857, Warden

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Multi-Family
Property Type
2,832
Bldg Sq Ft
2
Units
5.70%
Cap Rate
2023
Year Built

Property Overview

ATTENTION INVESTORS!!!! Fully rented on 1-year leases and perfect for generating consistent rental income. Each unit offers 3 bedrooms, 2.5 bathrooms, and over 1,400 square feet of thoughtfully designed living space. Inside, you’ll find modern finishes, quartz countertops, laminate flooring, and private laundry rooms for added convenience. The fully fenced yards with underground sprinklers provide privacy and low-maintenance outdoor living. A PREFERRED LENDER CREDIT OF UP TO $5890.00 IS AVAILABLE THROUGH GUILD MORTAGE INVESTMENT LOAN SEE IF YOU QUALIFY!!! This is your chance to own a stylish, low-maintenance property. CALL TODAY FOR MORE INFORMATION THIS COULD BE THE INVESTMENT YOU HAVE BEEN LOOKING FOR!!!!!

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Active
County Grant
Neighborhood Warden
Listed Aug 24, 2023
Original Price $599,000

Financial Summary

Cap Rate 5.70%
Net Operating Income $33,914
Gross Scheduled Income $42,360
Gross Rent Multiplier 13.90
Total Expenses $8,446
Vacancy Rate 2.0%

Building & Use

Building Sq Ft 2,832
Leasable Area 2,832 sqft
Total Units 2
Zoning Multi-Family
Possible Use Multi-Family
Lot Size 6,639 sqft
Year Built 2023

Exterior & Lot

Lot Size 0.15 sqft
Year Built 2023
Exterior Materials Wood
Sewer Sewer Connected
Water Source Community
Lot Features Alley, Curbs, Paved
Exterior Features Wood Products

Location

City Warden
County Grant
Coordinates 46.96458, -119.03500

Additional Information

New Construction Yes
Tax Year 2025
Annual Taxes $5,236
Possession Array
Listed By
Doug Robins
RE/MAX, The Collective

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