$1,875,000

16 Beds 6 Baths 5,312 SQFT 0.89 Acres
Type: Multi-Family

814 5th St
Steilacoom, WA 98388

MLS#: 2486221
Presented by: Coldwell Banker Danforth; Heidi Bright; 425-417-4716; HeidiBigDogRealty@yahoo.com

Property Description

 

GREAT INVESTMENT, FULLY RENOVATED 6-UNITS with steady rental income. Located just 7 blocks from the beautiful Saltar's Point Beach & Park to enjoy beachfront picnics, fresh salt air & more. Also close to Fort Steilacoom Park & just a 10 minute drive to Chambers Bay Golf. This Prime location is also close to Lakewood, University Place & McChord Air Force Base, in a quiet and quaint neighborhood within the Historic little town of Steilacoom. Duplex-style architecture, yet the property was developed as Condo Units in 2008 and has always been owned by a single investor versus 3 or 6 investors ... Current owner considering breaking into 3 Duplex Units if not sold to one investor who wants to own and manage the whole property with all 6-units, so don’t delay if you want to own all 6 in this great location! Updated roofs, windows, stainless appliances including W/D & microwaves in each unit, vinyl plank flooring, mini-split heat & A/C, + each unit has a deck w/ storage unit. 6 tax parcels for PSA. PLEASE Do Not Disturb Tenants! Access to interiors upon mutual acceptance on an acceptable PSA. 3-D Tour uploaded + Tour Video. Fidelity T&E.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringVinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories1

General

AmenitiesSee Remarks, Storage
Building Area Units0 sqft
Cap Rate6.3
Carport Spaces0
Carport Y/NNo
CitySteilacoom
CoolingDuctless
CountyPierce
DirectionsGPS will take you there, please do NOT disturb Tenants!
Electric Expense0
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingDuctless, Wall Furnace
High School DistrictSteilacoom Historica
Insurance Expense7354
Leasable Area5,312 sqft
Listing TermsCash
Living Area0 sqft
Lot Size Square Feet38,570 sqft
Lot Size UnitsSquare Feet
MLS Area43 - Steilacoom
NWM_ShowMapLinkY
Net Operating Income118427
New ConstructionNo
Number Of Units Total6
PossessionSubject To Tenant Rights
Property ConditionUpdated/Remodeled
Property Style55 - 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksGREAT INVESTMENT, FULLY RENOVATED 6-UNITS with steady rental income. Located just 7 blocks from the beautiful Saltar's Point Beach & Park to enjoy beachfront picnics, fresh salt air & more. Also close
RoofComposition, Torch Down
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameSaltars Point
Tax Annual Amount$14,177
Tax Year2025
Units Below Gradefalse
Units In Building Total6
Virtual TourClick here
Water CompanyTown of Steilacoom
Water Sewer Garbage9102
Year Built1970

Exterior

Building Area Total5,312 sqft
Covered Spaces0
Exterior AmenitiesWood
Irrigation Water Rights Y/NNo
Lot FeaturesCorner Lot, Paved
Lot Size Acres0.8854
Parking Uncovered Total12
Site FeaturesDeck, Outbuildings
Total Parking12
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School N/A
High School N/A
Elementary School N/A

  

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$1,875,000

16 Beds 6 Baths 5,312 SQFT 0.89 Acres
Type: Multi-Family

814 5th St
Steilacoom, WA 98388

MLS#: 2486221