About 55509 311th Avenue Ct E
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!
Features of 55509 311th Avenue Ct E
| MLS® # | 2346827 |
|---|---|
| List Price | $625,000 |
| Sale Price | $635,000 |
| Price Per SqFt | $585 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Square Footage | 1,085 |
| Acres | 0.33 |
| Year Built | 2023 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | A-Frame |
| Status | Sold |
Community Information
| Address | 55509 311th Avenue Ct E |
|---|---|
| Area | 128 - Ashford |
| Subdivision | Echo Valley |
| City | Ashford |
| County | Pierce |
| State | WA |
| Zip Code | 98304 |
Amenities
| Parking | Driveway, RV Parking |
|---|---|
| Is Waterfront | No |
Interior
| Interior Features | Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Fireplace, Loft, Water Heater |
|---|---|
| Appliances | Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s) |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | Gas |
Exterior
| Exterior Features | Cement Planked, Metal/Vinyl |
|---|---|
| Lot Description | Dead End Street |
| Foundation | Poured Concrete |
School Information
| District | Eatonville |
|---|---|
| Elementary | Buyer To Verify |
| Middle | Buyer To Verify |
| High | Buyer To Verify |
Additional Information
| Days on Market | 168 |
|---|---|
| Cumulative Days on Market | 168 |
| Days on Website | 194 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |