7 Neilton Lane
Neilton, WA 98552
$395,000
Price
8
Beds
4
Baths
3,472 Sq. Ft.
$114 / Sq. Ft.
3,472
Sq. Ft.
$114
per Sq. Ft.
Listing provided courtesy of City Realty, Inc.
Description
Attention investors! 4 unit building in Neilton WA that has not had a vacancy in Years and has below market rent. Fantastic income potential and close to lake Quinault. 4th Unit has an unfinished 3rd bedroom/ 2nd bath addition, rent was planned on being set at 1200. each unit right now has 2 bedrooms one bath up with kitchen, dining & living downstairs. W/D hook ups in kitchen. additional huge shed/ shop in back for additional storage / rental incomeAttention investors! 4 unit building in Neilton WA that has not had a vacancy in Years and has below market rent. Fantastic income potential and close to lake Quinault. 4th Unit has an unfinished 3rd bedroom/ 2nd bath addition, rent was planned on being set at 1200. each unit right now has 2 bedrooms one bath up with kitchen, dining & living downstairs. W/D hook ups in kitchen. additional huge shed/ shop in back for additional storage / rental income
- Listed by Candice Rambo • City Realty, Inc.
Property Details for 7 Neilton Lane
Community Name
Neilton
School DistrictQuinault
Number of Assigned Spaces13
Total Covered Parking0
Entry Date10-08-2024
Energy SourceElectric
SewerSeptic Tank
LISTING UPDATED: 11/13/2024 10:25 AM
Property Details for 7 Neilton Lane
| Status | Active |
|---|---|
| MLS # | 2299618 |
| Days on Market | 44 |
| Cumulative Days on Market | 44 |
| Taxes | $1,965 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1965 |
| Lot Size | 0.31 AC / 13,504 SF |
| County | Grays Harbor County |
Building Information for 7 Neilton Lane
Stories2Residences4Year Built1965Building Size-Lot Size0.31 AC / 13,504 SF
Property Information for 7 Neilton Lane
Summary
Location and General Information
- Style: 54 - 4-Plex
- Area: 216 - Neilton
- Elementary School: Lake Quinault Elem
- Middle Or Junior School: Lake Quinault High
- High School: Lake Quinault High
- Directions: hwy 101 north to Neilton. rt on Neilton Ln
- Leased Items: Washer/Dryer
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 13.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Laminate, Carpet
- Features: Laminate Hardwood, Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
Exterior Features
- Exterior: Cement Planked
- Roof: Composition
Property
Utilities
- Water Source: Individual Well
- Water/Sewer/Garbage: 3600
- Water Company: Neilton
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: County
- Foundation: Poured Concrete
- MLS Square Footage Source: tax
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 11
Lot Information
- Lot Details: Alley, Corner Lot
- Lot Size Source: mls
- Parcel Number Free Text: 220907230080
- Building Condition: Fair
- Calculated Square Footage: 3472
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3472.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 13
- Number of Stories in Building: 2
- Vacancy Rate: 2
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 6565
- Gross Adjusted Income: 33600
- Gross Rent Multiplier: 12
- Gross Scheduled Income: $33,600
- Insurance Expense: $1,000
- Net Operating Income: $27,035
- Other Expenses: $0
- Total Monthly Income: 2775
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 868
- Rent Unit 1: $700.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 868
- Rent Unit 2: $700.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 868
- Rent Unit 3: $675.00
- Bedrooms Unit 3: 2
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Square Feet Unit 4: 868
- Rent Unit 4: $700.00
- Bedrooms Unit 4: 2
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3472.0
- Leasable Area Units: Square Feet
Property History for 7 Neilton Lane
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7 Neilton Lane
Taxable ValueLand$46,600Additions$175,983Total$222,583
Tax Record2023$1,704 ($142 / month)
Home Facts
Total Finished SqFt3,456 SqFtAbove Ground SqFt3,456 SqFtStories2Lot Size16,117 SqFtStyleMulti-Family Dwelling (2-4)Year Built1965ZoningG5CountyGRAYS HARBORAPN220907230080
Schools near 7 Neilton Lane
This home is within Lake Quinault School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 12 | |||
| Public - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Lake Quinault Elementary School PublicK to 12 | ||
Lake Quinault High School Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of City Realty, Inc.
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
