119 170th ST E, Spanaway, WA 98387
- $995,000
- 3,744
- SqFt
Listing courtesy of Gateway Real Estate.
- List Price
- $995,000
- Status
- ACTIVE
- MLS#
- 2030135
- Days on Market
- 14
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,744
- Area Total SqFt
- 3744
- Annual Tax Ammount
- 8750
- Lot Size (sq ft)
- 12,425
- Sewer
- Septic Tank
Property Description
Welcome to this incredible investment opportunity, this 4-plex is in a very convenient location just under 10 minutes you can get to JBLM, 512, I-5 and shopping centers all around. This 4-plex offers a great amount of features and upgrades, all 4 units are just under 1,000sqft 2bed/1.5baths that have been renovated, big lot, new appliances, W/D hookup for lower units upstairs units have a coin-op laundry that stays, each unit has its own fully fenced back yard, exterior just repainted this month. All the hard work has been complete to provide a mostly maintenance free, income producing property. Bringing in $6,500 monthly with a cap rate just under 6.5% you just can’t go wrong with this one. Please do not disturb tenants no for sale sign.
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Additional Information
- List Date
- 2023-01-25 05:07:09
- Community
- Lake Park
- Net Operating Income
- $62,386
- Gross Adjusted Income
- $69,250
- Gross Scheduled Income
- $78,000
- Total Monthly Income
- $6,550
- Insurance Expenses
- $1,884
- Water/Sewer/Garbage Expenses
- $2,364
- Gross Rent Multiplier
- 12.75
- Total Expenses
- $15,614
- Cap Rate
- 6.3
- Vacancy Rate
- 10
- Total Number of Units
- 4
- Unit Name
- 119
- Potential Terms
- Cash Out, Conventional, FHA, USDA Loan, VA Loan
- Year Built
- 1981
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially
- Heating/Cooling Type
- Insert, Radiant
- Electric Expenses
- 960
- Other Expenses
- 1656
- Energy Source
- Electric
- School District
- Bethel
- Total Monthly Income
- $6,550
- Gross Scheduled Income
- $78,000
- Vacancy Rate
- 10
- Gross Adjusted Income
- $69,250
- Tax Year
- 2022
- Insurance Expense
- $1,884
- W/S/G Expenses
- $2,364
- Total Expenses
- $15,614
- Net Operating Income
- $62,386
- Gross Rent Multiplier
- 12.75
- Cap Rate
- 6.3
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