About 7124 Artondale Drive Nw
Once in a lifetime opportunity to own a turnkey 7-plex in the heart of Artondale, Gig Harbor. Pride of ownership is clear as it has been meticulously maintained over the years. The property could continue as a 7-plex or be an Airbnb or partially owner occupied. Current 5.7% cap rate with potential to be closer to 6.4 through rent optimization / short-term rental. Property has stable long-term tenants with recent improvements including updated roofs, exterior paint, and well systems. Three buildings with 2 duplexes & a triplex offer a diverse unit mix. Excellent location in an area with limited multi-family inventory. Perfect for investors seeking turnkey cash flow property or to complete a 1031 exchange. Don't miss this rare Gig Harbor gem!
Features of 7124 Artondale Drive Nw
| MLS® # | 2418212 |
|---|---|
| Price | $1,995,000 |
| Price Per SqFt | $362 |
| Bathrooms | 0.00 |
| Square Footage | 5,509 |
| Acres | 0.99 |
| Year Built | 1967 |
| Type | Income |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information
| Address | 7124 Artondale Drive Nw |
|---|---|
| Area | 7 - Artondale |
| Subdivision | Artondale |
| City | Gig Harbor |
| County | Pierce |
| State | WA |
| Zip Code | 98335 |
Amenities
| Parking Spaces | 20 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
Exterior
| Exterior Features | Wood Products |
|---|
School Information
| District | Peninsula |
|---|---|
| Elementary | Artondale Elem |
| Middle | Kopachuck Mid |
| High | Gig Harbor High |
Additional Information
| Days on Market | 73 |
|---|---|
| Cumulative Days on Market | 73 |
| Days on Website | 73 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Realty Ps |
|---|