Presented by: Berkshire Hathaway HS NW and NWMLS
Property Description
INVESTMENT OPPORTUNITY! Fully occupied Yelm duplex generating $3,900/month in current rental income with established tenants in both units. Reported NOI of $39,595 and approx. 6.1% cap rate at current list price, with potential rental upside. Each spacious unit offers 3 bedrooms, 2.5 baths, 1,311 sq ft, primary suite with private bath, pantry, washer/dryer, forced-air gas heat, abundant storage and attached 1-car garage. One unit has been beautifully remodeled with granite counters, updated cabinetry, laminate flooring and modern fixtures. Partially fenced yards. Convenient to JBLM, shopping, restaurants, Lacey & Olympia. Buyer to verify financials.
Interior Features
Bedrooms
Bedrooms Upper0
Bathrooms
Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Carpet
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces0
Total Stories2
General
AFH310
Assoc Fee Paid PerAnnually
Building Area Units0 sqft
Building NameBerry Valley Estates
Cap Rate6
Carport Spaces0
Carport Y/NNo
CityYelm
CoolingNone
CountyThurston
DirectionsFrom Yelm Ave, go SW (left) onto Longmire St SW. Go NW (right) onto Berry Valley Dr SE.
Electric Expense0
Elementary SchoolSouthworth Elem
Fuel Expense0
Garage Spaces2
HOAYes
HOA Fee$100
HeatingForced Air
High SchoolYelm High12
High School DistrictYelm
Insurance Expense2217
Leasable Area2,622 sqft
Listing TermsCash, Conventional, FHA, USDA Loan, VA Loan
Living Area0 sqft
Lot Size Square Feet8,754 sqft
Lot Size UnitsSquare Feet
MLS Area453 - Yelm/Rainier
Middle/Junior High SchoolYelm Mid
NWM_ShowMapLinkY
Net Operating Income39595
New ConstructionNo
Number Of Units Total2
PossessionClosing, Subject To Tenant Rights
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksINVESTMENT OPPORTUNITY! Fully occupied Yelm duplex generating $3, 900/month in current rental income with established tenants in both units. Reported NOI of $39, 595 and approx. 6.1% cap rate at curren
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected, STEP Sewer
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameYelm
Tax Annual Amount$3,998
Tax Year2026
Unit Number15,332
Units Below Gradefalse
Units In Building Total2
Virtual TourClick here
Water CompanyCity of Yelm
Water Sewer Garbage0
Year Built1997
Exterior
Building Area Total2,622 sqft
Covered Spaces2
Exterior AmenitiesCement Planked, Wood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesPaved, Sidewalk
Lot Size Acres0.201
Parking Uncovered Total4
Site FeaturesCable TV, Fenced-Partially, High Speed Internet, Patio, Sprinkler System
Total Parking6
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Yelm Mid
High School
Yelm High12
Elementary School
Southworth Elem
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