Bought with Coldwell Banker Bain
$635,000
$625,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
0.75 Baths
1,085 SqFt
SOLD DATE : 04/08/2025
Key Details
Sold Price $635,000
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 1,085 sqft
Price per Sqft $585
Subdivision Echo Valley
MLS Listing ID 2346827
Style 12 - 2 Story
Bedrooms 2
Year Built 2023
Annual Tax Amount $3,421
Lot Size 0.331 Acres
Property Sub-Type Residential
Property Description
Exceptional investment opportunity w/established & turnkey Airbnb! Fully furnished - just built in 2023. Better than new construction. Thousands in improvements & full year of financials available. Self-managed, it's pushing ~9.9% cap rate. 2024's income: ~$92k (gross) - NOI: ~$62k! This included 76 black-out days in 2024, which are no longer a 2025 factor w/property management. Potential to improve cleaning fees by $20 per turn. Utilize a property management company & still land a mid-7s+ cap rate. All personal property, appliances, equipment, hot tub, EVSE hook-up, cameras, supplies & seller will transfer photos, videos/media to buyer. A/C, heat pump. Great personal vacation home as well. Active Airbnb please DO NOT disturb guests!
Location
State WA
County Pierce
Area 128 - Ashford
Interior
Flooring Vinyl Plank
Fireplaces Number 1
Fireplaces Type Gas
Exterior
Exterior Feature Cement Planked, Metal/Vinyl
Amenities Available Deck, Electric Car Charging, Fenced-Partially, Gas Available, High Speed Internet, Hot Tub/Spa, Patio, Propane, RV Parking
View Y/N No
Roof Type Metal
Building
Lot Description Dead End Street
Story Two
Sewer Septic Tank
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Eatonville
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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RSVP Real Estate Group
Real Estate Firm | License ID: 17634
Real Estate Firm License ID: 17634