$680,000

4 Beds 4 Baths 2,408 SQFT 0.24 Acres
Type: Multi-Family

7001 7003 Lazy Court SW
Tumwater, WA 98512

MLS#: 2588369
Presented by: Epic Realty and NWMLS

Property Description

 

Opportunity meets flexibility in this well-maintained, rent-ready duplex located in a great Tumwater location! Each spacious unit offers 1,204 square feet, featuring 2 bedrooms, 1.5 bathrooms, a one-car garage, and additional parking, & fully fenced backyards. Thoughtfully designed floor plans provide plenty of living space, making them attractive to owner-occupants, and tenants alike. Vacant unit has new carpet, new refrigerator and range. The vacant unit (#7003) is move-in ready and offers immediate flexibility, whether you choose to occupy it yourself or capitalize on current market rents. The neighboring unit (#7001) is currently leased at $2,100 monthly and is month to month creating reliable income today while preserving future options. Ideally situated near schools, shopping, dining, parks, and everyday essentials, with convenient access to major commuting routes, this duplex benefits from a location that continues to attract strong tenant demand. Whether your goal is generating cash flow, reducing housing costs, building equity, or growing your investment portfolio, this versatile property offers the rare combination of immediate income, major capital improvements in the sought-after Tumwater market.


 

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
FlooringCeramic Tile, Vinyl, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces0
Total Stories2

General

Assoc Fee Paid PerSemi-Annually
Building Area Units0 sqft
Cap Rate6.16
Carport Spaces0
Carport Y/NNo
CityTumwater
CoolingNone
CountyThurston
DirectionsFrom Littlerock Rd at roundabout, exit onto 70th Ave SW, turn left onto Lazy Ct SW and home will be on the right.
Electric Expense0
Elementary SchoolBuyer To Verify
Fuel Expense0
Garage Spaces2
HOAYes
HOA Fee$377
Heating90%+ High Efficiency
High SchoolBuyer To Verify
High School DistrictTumwater
Insurance Expense1287
Leasable Area2,408 sqft
Listing TermsCash, Conventional, FHA, VA Loan
Living Area0 sqft
Lot Size Square Feet10,481 sqft
Lot Size UnitsSquare Feet
MLS Area443 - Tumwater
Middle/Junior High SchoolBuyer To Verify
NWM_ShowMapLinkY
Net Operating Income41936
New ConstructionNo
Number Of Units Total2
PossessionClosing
Property ConditionGood
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksOpportunity meets flexibility in this well-maintained, rent-ready duplex located in a great Tumwater location! Each spacious unit offers 1, 204 square feet, featuring 2 bedrooms, 1.5 bathrooms, a one-car
RoofComposition
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerAvailable, Sewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameTumwater
Tax Annual Amount$7,177
Tax Year2026
Units Below Gradefalse
Units In Building Total2
Water CompanyCity of Tumwater
Water Sewer Garbage0
Year Built1996

Exterior

Building Area Total2,408 sqft
Covered Spaces2
Exterior AmenitiesWood, Wood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesAlley
Lot Number2
Lot Size Acres0.2406
Parking Uncovered Total6
Site FeaturesCable TV, Fenced-Fully, Gas Available, Patio
Total Parking8
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School Buyer To Verify Elementary School
High School Buyer To Verify High School
Middle School Buyer To Verify Middle School

  

Similar Properties

$680,000

4 Beds 4 Baths 2,408 SQFT 0.24 Acres
Type: Multi-Family

7001 7003 Lazy Court SW
Tumwater, WA 98512

MLS#: 2588369