Pending

$2,595,000

29 Beds 17 Baths 7,224 SQFT 1.38 Acres

Type: Pending

2054 Roosevelt Avenue
Enumclaw, WA 98022

MLS#: 2513957

Presented by: eXp Realty; Kekoa Michael Lwin; 808-478-6453; kekoa@teamkekoa.com

Property Description

GREAT ENUMCLAW LOCATION! VALUE-ADD INVESTMENT WITH MULTIPLE OPTIONS! 15 separately deeded units: 14 residential condos & 1 vacant lot of 9,581sf. Condos currently rented long-term under market. Vacant lot not rented. Potential to convert units to mid-term or short-term rentals. Or sell each condo individually at about $250K+ each (no inventory in town). Potential to build on vacant lot. Deeded parking to each unit. Condos and complex have been nicely upgraded, maintained and well managed. Additional income from 5 storage units plus updated laundry room. Lots of grass areas, a spacious common courtyard, and, plentiful parking make this a highly desirable home for tenants. Very nice, high quality tenants. Great location walking distance to downtown Enumclaw.

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

AmenitiesCoin Op Laundry, Playground

Building Area Units0 sqft

Cap Rate5.28

Carport Spaces0

Carport Y/NNo

CityEnumclaw

CoolingCentral Air

CountyKing

DirectionsAccess property just West of Cole Street on Roosevelt Avenue. South side of street.

Electric Expense2691

Elementary SchoolSouthwood Elem

Fuel Expense2023

Garage Spaces0

HOAYes

HOA Fee$0

HeatingHeat Pump

High SchoolEnumclaw Snr High

High School DistrictEnumclaw

Insurance Expense2000

Leasable Area7,224 sqft

Listing TermsCash, Conventional

Living Area0 sqft

Lot Size Square Feet59,982 sqft

Lot Size UnitsSquare Feet

MLS Area300 - Enumclaw

Middle/Junior High SchoolEnumclaw Mid

NWM_ShowMapLinkY

Net Operating Income168897

New ConstructionNo

Number Of Units Total14

PossessionClosing

Possible UseMulti-Family

Property ConditionUpdated/Remodeled

Property Style56 - 10+ Units

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksGREAT ENUMCLAW LOCATION! VALUE-ADD INVESTMENT WITH MULTIPLE OPTIONS! 15 separately deeded units: 14 residential condos & 1 vacant lot of 9, 581sf. Condos currently rented long-term under market. Vacan

RoofComposition

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusPending

StatusPending

Structure TypeMulti Family

Subdivision NameEnumclaw

Tax Annual Amount$19,307

Tax Year2024

Units Below Gradefalse

Units In Building Total14

ViewTerritorial

Water CompanyCity of Enumclaw

Water Sewer Garbage10937

Year Built1947

Zoning DescriptionMulti-Family

Exterior

Building Area Total7,224 sqft

Covered Spaces0

Exterior AmenitiesWood

Foundation DetailsPillar/Post/Pier

Irrigation Water Rights Y/NNo

Lot DimensionsIrregular 165 X 332

Lot Size Acres1.377

Parking Uncovered Total20

Site FeaturesCabana/Gazebo

Total Parking20

Water SourceCommunity

Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School Southwood Elem

Middle School Enumclaw Mid

High School Enumclaw Snr High

Similar Properties

$2,595,000

29 Beds 17 Baths 7,224 SQFT 1.38 Acres

Type: Pending

2054 Roosevelt Avenue
Enumclaw, WA 98022

MLS#: 2513957

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Property

$2,595,000

2054 Roosevelt Avenue
Enumclaw, WA 98022

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$2,595,000

2054 Roosevelt Avenue
Enumclaw, WA 98022

Contact

About

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Property

$2,595,000

2054 Roosevelt AvenueEnumclaw, WA 98022

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$2,595,000

2054 Roosevelt AvenueEnumclaw, WA 98022

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2054 Roosevelt Avenue
Enumclaw, WA 98022

2054 Roosevelt Avenue
Enumclaw, WA 98022