Last Sold Price
19,072 sqft$153/sqft
18420 Old Highway 99 SW, Rochester, WA 98579

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...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.
LISTING CLOSED: 11/29/2021 12:00 AM

  1. Listed by Peter Henry • Networks Real Estate LLC
    P: (360)-528-5000 homesbypeterhenry@gmail.com

Property Details for 18420 Old Highway 99 Southwest

Status
MLS #
1825616
Days on Market
13
Cumulative Days on Market
13
Taxes
$12,478 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income
Year Built
1978
Lot Size
6.43 AC / 280,091 SF
Community Name
Rochester
School District
Rochester
View
Territorial
Number of Assigned Spaces
48
Total Covered Parking
16
Offers Review Date
08-31-2021
Entry Date
08-19-2021
Energy Source
Electric
Sewer
Septic Tank

Location

Listing Courtesy of Networks Real Estate LLC

Sold By The Foundation Group LLC

Add your commute

Building Information for 18420 Old Highway 99 Southwest

Stories1Residences-Year Built1978Building Size-Lot Size6.43 AC / 280,091 SF

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Principal and Interest

$14,867

Property Taxes

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Property Information for 18420 Old Highway 99 Southwest

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Cable TV, Outbuildings
  • Area: 454 - Thurston South
  • Elementary School: Grand Mound Elem
  • Middle Or Junior School: Rochester Mid
  • High School: Rochester High
  • Effective Year Built Source: See Remarks
  • Directions: SOUTH ON I-5 TO GRAND MOUND EXIT (EXIT 88) LEFT OVER FREEWAY APPROX 3 MILES TO UNITS ON RIGHT. NO SIGN
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2021
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 32.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Cooling: No
  • Fireplace: No
  • Heating: No
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Individual Well
  • Water/Sewer/Garbage: 0
  • Power Company: PSE
  • Sewer Company: Septics
  • Water Company: Individual Wells
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1995
  • Photos Count: 40
Lot Information
  • Lot Details: Paved
  • Lot Size Source: county record
  • Parcel Number Free Text: 12505210405
  • Building Condition: Good
  • Calculated Square Footage: 19072
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 19072.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 32
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 0
  • Units Below Grade: false
  • Units In Building Total: 16
Financing / Income and Expenses
  • Electric Expense: $1,800
  • Total Expenses: 22758
  • Gross Adjusted Income: 234042
  • Gross Rent Multiplier: 13
  • Gross Scheduled Income: $256,800
  • Insurance Expense: $3,480
  • Net Operating Income: $234,042
  • Other Expenses: $5,000
  • Total Monthly Income: 21400
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 19072.0
  • Leasable Area Units: Square Feet

Property History for 18420 Old Highway 99 Southwest

DateEvent & SourcePriceAppreciation
Nov 29, 2021

Sold

NWMLS #1825616

$2,925,000
Nov 15, 2021

Sold (Public Record)

Public Record #1476961392

$2,922,600
Sep 1, 2021

Pending

NWMLS #1825616

DateEvent & SourcePrice
11/29/2021

Sold

NWMLS #1825616

$2,925,000
11/15/2021

Sold (Public Record)

Public Record #1476961392

$2,922,600
09/01/2021

Pending

NWMLS #1825616

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 18420 Old Highway 99 Southwest

Taxable ValueLand$280,000Additions$570,300Total$850,300
Tax Record2026$240 ($20 / month)
Home Facts
Baths6Total Finished SqFt2,384 SqFtAbove Ground SqFt2,384 SqFtStories1Lot Size61,855 SqFtStyleMulti-Family Dwelling (2-4)Year Built1978Year Renovated1995CountyTHURSTONAPN1250-52-10405Fireplace TypeHas Fireplace

Schools near 18420 Old Highway 99 Southwest

This home is within Rochester School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Rochester Primary School
PublicPK to 2

Grand Mound Elementary School
Public3 to 5

Rochester Middle School
Public6 to 8

H.E.A.R.T. High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Networks Real Estate LLC

Based on information submitted to the MLS GRID as of 02/28/2024 12:11 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.