$849,950

6 Beds 6 Baths 3,484 SQFT 0.11 Acres

Type: Multi-Family

3120 Ponderosa Street NE
Lacey, WA 98516

MLS#: 2528928

Presented by: Blue Summit Realty LLC and NWMLS

Property Description

Rare opportunity to own a newer duplex featuring 3 large bedrooms plus a bonus room, 2.5 baths and 1,742 sqft per unit, along with a 2-car garage. Gateway North neighborhood is well-kept w/ a cohesive look. Located in a very strong rental area, this duplex has great potential for positive cash flow. Units feature solid surface flooring throughout, granite counters throughout, stainless appliances, high efficiency mini split heat pump systems with air conditioning, and energy efficient insulation and lighting packages. Built in 2020 and exceptionally well maintained. Long term leases in place and a great cap rate with room for continued growth. Exterior features custom siding accents and fenced rear yards. Convenient to all amenities and freeway access.

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 Stories2

General

Assoc Fee Paid PerAnnually

Building Area Units0 sqft

Building NameGateway North

Cap Rate5.6

Carport Spaces0

Carport Y/NNo

CityLacey

Cooling90%+ High Efficiency, Ductless

CountyThurston

DirectionsFrom I-5, North on Marvin, left on 32nd, left on Ponderosa.

Electric Expense0

Fuel Expense0

Garage Spaces4

HOAYes

HOA Fee$660

Heating90%+ High Efficiency, Ductless, Wall Furnace

High School DistrictNorth Thurston

Insurance Expense1550

Leasable Area3,484 sqft

Listing TermsCash, Conventional, VA Loan

Living Area0 sqft

Lot Size Square Feet4,740 sqft

Lot Size UnitsSquare Feet

MLS Area446 - Thurston Ne

NWM_ShowMapLinkY

Net Operating Income47641

New ConstructionNo

Number Of Units Total2

PossessionClosing, See Remarks

Possible UseMulti-Family

Property ConditionVery Good

Property Style52 - Duplex

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksRare opportunity to own a newer duplex featuring 3 large bedrooms plus a bonus room, 2.5 baths and 1, 742 sqft per unit, along with a 2-car garage. Gateway North neighborhood is well-kept w/ a cohesive

RoofComposition

Security FeaturesPartially Fenced

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeDuplex

Subdivision NameLacey

Tax Annual Amount$10,083

Tax Year2026

Units Below Gradefalse

Units In Building Total2

Water CompanyLacey

Water Sewer Garbage0

Year Built2020

Zoning DescriptionMulti-Family

Exterior

Building Area Total3,484 sqft

Covered Spaces4

Exterior AmenitiesCement/Concrete, Wood, Wood Products

Foundation DetailsPoured Concrete

Irrigation Water Rights Y/NNo

Lot FeaturesCurbs, Paved, Sidewalk

Lot Size Acres0.1088

Parking Uncovered Total4

Site FeaturesCable TV, Fenced-Partially, High Speed Internet, Patio

Total Parking8

Water SourcePublic

Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School N/A

High School N/A

Middle School N/A

Similar Properties

$849,950

6 Beds 6 Baths 3,484 SQFT 0.11 Acres

Type: Multi-Family

3120 Ponderosa Street NE
Lacey, WA 98516

MLS#: 2528928

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Property

$849,950

3120 Ponderosa Street NE
Lacey, WA 98516

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$849,950

3120 Ponderosa Street NE
Lacey, WA 98516

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Property

$849,950

3120 Ponderosa Street NELacey, WA 98516

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$849,950

3120 Ponderosa Street NELacey, WA 98516

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3120 Ponderosa Street NE
Lacey, WA 98516

3120 Ponderosa Street NE
Lacey, WA 98516