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.

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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