14001 14116 87th Av Ct NW, Gig Harbor, WA 98332

$4,400,000
21,849
SqFt

Listing courtesy of Windermere Professional Prtnrs.

List Price
$4,400,000
Status
ACTIVE
MLS#
1682081
Days on Market
31
Style
56 - 10+ Units
Building Condition
['Very Good']
Finished SqFt
21,849
Lot Size (sq ft)
155,798

Property Description

It's past time to invest in Gig Harbor! Pride of ownership is evident in this established neighborhood with 7 duplexes + single family home. Beautiful setting with lots of green space, located minutes from shopping/schools/hospital. Duplexes built between 2008-2016 and are professionally managed & maintained. Unit breakdown in listing is a sample; sq ft range from 1401-1690. All units have main floor master suites. SFR was existing on the parent parcel and has separate access off of Hwy 302.

Additional Information

List Date
2020-10-26 00:00:00
Community
Gig Harbor
Property Type
MULT
Units
15
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
2008
Total Parking
56
Uncovered Parking
28
Exterior
Cement/Concrete
Roof
Composition
Site Features
Patio
Lot Details
Paved Street
School District
Peninsula
Total Monthly Income
$285,600
Gross Scheduled Income
$285,600
Gross Adjusted Income
$285,600
Annual Taxes
$39,044
Tax Year
2020
Insurance Expense
$9,062
W/S/G Expenses
$2,708
Total Expenses
$69,788
Net Operating Income
$215,812
Gross Rent Multiplier
15
Cap Rate
5

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.75
Unit 1 Size
1401
Unit 1 Rent
$1,500
Unit 2 Beds
2
Unit 2 Baths
1.75
Unit 2 Size
1401
Unit 2 Rent
$1,500
Unit 3 Beds
2
Unit 3 Baths
2.00
Unit 3 Size
1457
Unit 3 Rent
$1,600
Unit 4 Beds
2
Unit 4 Baths
2.00
Unit 4 Size
1457
Unit 4 Rent
$1,600
Unit 5 Beds
3
Unit 5 Baths
2.00
Unit 5 Size
1690
Unit 5 Rent
$1,700
Unit 6 Beds
3
Unit 6 Baths
2.00
Unit 6 Size
1690
Unit 6 Rent
$1,700
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