MLS# 24305952 – 434 3rd St, Morton, WA 98356 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of Sea-Port Realty Inc..

Property Description

Description

3 Units

Status: Active

Year Built: 1953

Days on Website: 14

2 separate 2Br 1BA homes with covered parking for 3 cars that have been excellent rental properties for 17+ years. Each home offers a large level yard & is located in the city of Morton WA. Both homes were always rented due to the fact the homes are located within a 5 minute walk to shopping, restaurants even the hospital. Both homes are well maintained with recent upgrades, including new roofs, new flooring, new kitchen, ductless heat A/C heat pumps, vinyl windows & more. Morton is a popular destination due to the laid back & convenience of small town living. White Pass Ski Resort, Mount Rainier National Park, Mayfield & Riffe Lakes are 1 hour away or less. Seattle & Portland are under 2 hrs. Monthly rents of $1450+ per home are obtainable

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

1800

Built in 1953

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Community

Community Features:

Laundry

Cooling

Cooling Equipped

Cooling:

MiniSplit,WallUnit

Expenses

Operating Expense:

$7,053

Exterior Features

Exterior Description:

WoodSiding

Foundation

Foundation Details:

Block

Garage

Garage Spaces:

Heating

Heating Available

Heating:

Ductless,ForcedAir,MiniSplit

Income

CAP Rate:

6.32

Gross Income:

$33,600

Gross Rent Multiplier:

12.5

Net Operating Income:

$26,547

Listing

Contract Status Change Date:

2024-04-16

Days On Market:

Last Transaction Date:

2024-04-29 09:20:42

List Price:

$419,900

Listing Contract Date:

2024-04-16

Listing Id:

24305952

Mls Status:

Active

Modification Timestamp:

2024-04-29 09:20:42

On Market Date:

2024-04-16

Previous List Price:

$429,900

Rent Includes:

Sewer,Water

Standard Status:

Active

Location

MLS Area Major:

_85

County Or Parish:

Lewis

Lot

Features:

Level,PublicRoad

Size Acres:

0.32

Size Range:

SqFt10000to14999

Size Square Feet:

13,939

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Detached,Garage

3 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Zoning:

R-1

Roof

Roof:

Composition

Schools

High School:

Morton

Middle Or Junior School:

Morton

Elementary School:

Morton

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$2,305

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,450

Area:

900

Features:

AirConditioning,Refrigerator,WasherDryerHookup,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,450

Area:

900

Features:

AirConditioning,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable

Water Source:

PublicWater

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Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$419,900 -

434 3rd St Morton , WA 98356

MLS Area Major: _85

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on April 29, 2024 11:45PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.