Ignite FB Tracking Pixel3413 College St Se, Lacey, WA 98503 - Anna-Lisa Schorn
Van Dorm Realty, Inc.
Anna-Lisa Schorn, Van Dorm Realty, Inc.Phone: (360) 701-9239
Email: [email protected]

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listing
1 of 14
Listing Provided Courtesy of Blake Investment Advisors
Residential Income
$1,075,000
3413 College St Se
Lacey, WA 98503
Listing Provided by: NWMLS
Est. Mortgage
$5,649/mo

A value-add opportunity for a new investor to acquire this 6-unit complex and capture significant rental upside by finishing renovations on the five classic condition units by adding luxury vinyl plank flooring, new cabinetry, upgraded dishwashers and disposals, vinyl window blinds, stainless steel appliances, tile bathrooms, energy-efficient LED lighting, and the addition of washers and dryers (with existing hookups). New ownership can increase rents by approximately 22% to an average of $1,583 per unit. The projected renovated market rent has already been realized in unit 3507, which underwent a full renovation by the current owner, securing a monthly rent of $1,550.

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