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Sold
$475,000  (list price)
$485,000
/mo   Edit
Multi-Family:  Duplex
Built 1974
1 acres
Peninsula schools
MLS# 1598344
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Listing courtesy of Best Choice Realty LLC

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    Description:   Fully leased duplex on a secluded 1 acre lot with territorial views. Tenants are responsible for all utilities and landscape maintenance. Both units are approximately 856 square feet with 2 bedrooms and 1 bathroom. Each comes with stainless steel appliances, stacked washer/dryers and carport parking with storage lockers. A large back deck features beautiful views of the wooded lot. Tenants will appreciate the quiet serenity offered by this location.
    List Price: $475,000
    Sold Date: 02/23/2021
    Sold Price: $485,000
    Property Type: Multi-Family
    Property Style: Duplex
    Year Built: 1974
    Address: 8220 94 Street NW
    City: Gig Harbor
    County: Pierce
    State: WA
    Zip Code: 98332
    Geolocation: 47.34289400, -122.64882500

    Interior

    Amenities: Storage
    Floor Covering: Ceramic Tile, Laminate, Carpet
    Furnishings: Unfurnished
    Features: Wall to Wall Carpet

    Rooms

    Bathrooms: 0
    Bedrooms: 0

    Exterior

    Exterior: Wood
    Foundation: Post & Block
    Roof: Composition

    Business

    Gross Scheduled Income: $33,540
    Total Monthly Income: $2,795
    Total Expenses: $7,211
    Gross Adjusted Income: $33,284
    Net Operating Income: $26,073
    Heating Expenses: None
    Electrical Expenses: None
    Insurance Expenses: $820
    Other Expenses: $2,400

    Site

    Community Name: Gig Harbor
    Property Condition: Good
    Site Features: Cable TV, Deck, Fenced-Partially, High Speed Internet, Outbuildings, RV Parking
    Senior Community: No

    Lot

    Parcel Number: 0121026002
    Lot Acres: 1.00
    Lot Area: 43,560 sqft
    Lot Features: Dead End Street, Open Space, Secluded
    View: Territorial
    Zoning Classification: Multi-Family
    Zoning Jurisdiction: City

    Building

    Year Built: 1974
    Structure Type: Duplex
    Stories: 1
    Building Area: 1,712 sqft
    Parking Features: RV Parking
    Parking: 6
    Carport: No
    Carport Spaces: 2
    Covered Spaces: 2
    Uncovered Spaces: 4
    Open Parking: Yes
    Open Parking Spaces: 4

    Utilities

    Utilities: Cable Connected, High Speed Internet, Septic, Electricity Available
    Heating/Cooling: Baseboard
    Electric on Property: No
    Power Company: Peninsula Light Company
    Power Type: Electric
    Sewer: Septic Tank
    Water Source: Public
    Water Company: Washington Water Service
    Irrigation Water Rights: No

    School

    School District: Peninsula
    Elementary School: Buyer To Verify
    Junior High School: Buyer To Verify
    High School: Buyer To Verify

    Unit

    Total Units: 2
    Units in Building: 2

    Lease & Rent

    Leasable Area: 1,712 sqft
    Leased Items: None
    Vacancy Rate: 3

    Finance & Taxes

    Annual Taxes: $3,991
    Tax Year: 2020
    Right of First Refusal: No
    FIRPTA: No
    Listing Terms: Cash Out, Conventional, FHA, VA Loan

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    Listing provided by NWMLS, courtesy of Best Choice Realty LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.