6601 198th Way SW

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Description

Fantastic investment opportunity in Rochester, WA. 22 units made up of 9 duplexes and one four-plex. Potential to build more units on-site, to be verified through Thurston County. New 30 year roofs in 2015, double pane vinyl windows, new exterior paint in last 24 months, low maintenance, and upside in rents.Fantastic investment opportunity in Rochester, WA. 22 units made up of 9 duplexes and one four-plex. Potential to build more units on-site, to be verified through Thurston County. New 30 year roofs in 2015, double pane vinyl windows, new exterior paint in last 24 months, low maintenance, and upside in rents.
  1. Listed by Garett Hall • Prime Locations Inc.
    P: (360)-943-9922 ghall@primelocations.com

Property Details for 6601 198th Way Southwest

Community Name
Grand Mound
School District
Rochester
Number of Assigned Spaces
40
Total Covered Parking
0
Entry Date
08-14-2018
Sewer
Septic Tank
LISTING CLOSED: 03/12/2019 12:00 AM

Property Details for 6601 198th Way Southwest

StatusSold
MLS #1346165
Days on Market132
Cumulative Days on Market113
Taxes$18,600 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1975
Lot Size4.77 AC / 207,781 SF
CountyThurston County

Location

Listing Courtesy of Prime Locations Inc.

Sold By Pettit Realty LLC

Add your commute

Building Information for 6601 198th Way Southwest

Stories1Residences22Year Built1975Building Size-Lot Size4.77 AC / 207,781 SF

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$11,462 per month

30 year fixed, 6.55% Interest

Principal and Interest

$9,912

Property Taxes

$1,550

HOA Dues

$0

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Property Information for 6601 198th Way Southwest

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 455 - Rochester
  • Elementary School: Rochester Primary Sc
  • Middle Or Junior School: Rochester Mid
  • High School: Rochester High
  • Effective Year Built Source: Public Records
  • Directions: Take exit 88. Turn right onto US-12/Old Hwy 99 SW. Turn left onto Elderberry ST. Turn right onto 198th Way SW. Turn right onto Sargent Rd SW. Turn Left onto 198th Way SW. Property is on the left
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2017
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 40.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Fireplace: No
  • Heating: Yes
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water/Sewer/Garbage: 11280
  • Power Production Type: Electric
  • Utilities: Septic System, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Class: Multi-Family
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: No
  • Special Listing Conditions: None
  • Year Built Effective: 1975
  • Photos Count: 10
Lot Information
  • Lot Size Source: Assessors Office
  • Parcel Number Free Text: 51300600000
  • Calculated Square Footage: 0
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 40
  • Number of Stories in Building: 1
  • Vacancy Rate: 3
  • Number Of Units Total: 22
  • Units Below Grade: false
  • Units In Building Total: 22
Financing / Income and Expenses
  • Electric Expense: $400
  • Total Expenses: 71572
  • Gross Adjusted Income: 183848
  • Gross Rent Multiplier: 11
  • Gross Scheduled Income: $190,200
  • Insurance Expense: $7,600
  • Net Operating Income: $112,275
  • Other Expenses: $33,962
  • Total Monthly Income: 190200
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 27000.0
  • Leasable Area Units: Square Feet

Property History for 6601 198th Way Southwest

DateEvent & SourcePriceAppreciation
Mar 12, 2019

Sold

NWMLS #1346165

$1,950,000—
Mar 11, 2019

Sold (Public Record)

Public Record #640829417

$1,947,800—
Dec 24, 2018

Pending

NWMLS #1346165

—
DateEvent & SourcePrice
03/12/2019

Sold

NWMLS #1346165

$1,950,000
03/11/2019

Sold (Public Record)

Public Record #640829417

$1,947,800
12/24/2018

Pending

NWMLS #1346165

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

Public Records for 6601 198th Way Southwest

Taxable ValueLand$1,010,000Additions$1,874,200Total$2,884,200
Tax Record2026$1,268 ($106 / month)
Home Facts
Baths18Total Finished SqFt1,728 SqFtAbove Ground SqFt1,728 SqFtStories1Lot Size207,781 SqFtStyleMulti-Family Dwelling (2-4)Year Built1975Year Renovated1991CountyTHURSTONAPN5130-06-00000Fireplace TypeHas Fireplace

Schools near 6601 198th Way 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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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 Prime Locations Inc.

Based on information submitted to the MLS GRID as of 09/05/2024 05:35 AM. 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.