$2,950,000

0 Beds 0 Baths 8,521 SQFT 1.38 Acres

Type: Multi-Family

2054 Roosevelt Avenue
Enumclaw, WA 98022

MLS#: 2427848

Presented by: eXp Realty and NWMLS

Property Description

GREAT 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

Building Area Units0 sqft

Cap Rate4.21

Carport Spaces0

Carport Y/NNo

CityEnumclaw

CoolingWindow Unit(s)

CountyKing

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

Electric Expense2653.54

Elementary SchoolSouthwood Elem

Fuel Expense0

HOAYes

HOA Fee$0

HeatingBaseboard

High SchoolEnumclaw Snr High

High School DistrictEnumclaw

Insurance Expense3403.32

Leasable Area7,224 sqft

Listing TermsConventional

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 Income126514

New ConstructionNo

Number Of Units Total14

Open Parking Spaces30

PossessionClosing

Possible UseMulti-Family

Property ConditionUpdated/Remodeled

Property Style56 - 10+ Units

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksGREAT 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. P

RoofComposition

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeMulti Family

Subdivision NameEnumclaw

Tax Annual Amount$19,214

Tax Year2024

Units Below Gradefalse

Units In Building Total14

ViewTerritorial

Water CompanyCity of Enumclaw

Water Sewer Garbage1811

Year Built1947

Zoning DescriptionMulti-Family

Exterior

Building Area Total8,521 sqft

Covered Spaces0

Exterior AmenitiesCement/Concrete

Foundation DetailsPoured Concrete

Irrigation Water Rights Y/NNo

Lot DimensionsIrregular 165 X 332

Lot FeaturesPaved

Lot Size Acres1.377

Parking Uncovered Spaces30

Site FeaturesCabana/Gazebo

Total Parking30

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

$2,950,000

0 Beds 0 Baths 8,521 SQFT 1.38 Acres

Type: Multi-Family

2054 Roosevelt Avenue
Enumclaw, WA 98022

MLS#: 2427848

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Property

$2,950,000

2054 Roosevelt AvenueEnumclaw, WA 98022

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$2,950,000

2054 Roosevelt AvenueEnumclaw, WA 98022

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2054 Roosevelt Avenue
Enumclaw, WA 98022

2054 Roosevelt Avenue
Enumclaw, WA 98022