119 170th Street E, Spanaway, WA 98387

$950,000
3,744
SqFt

Listing courtesy of Gateway Real Estate. Selling Office: John L. Scott, Inc.

Sold Price
$950,000
List Price
$990,000
Status
SOLD
MLS#
2070791
Closing Date
Jun 30, 2023
Days on Market
115
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. 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, large 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. All the hard work has been completed to provide a mostly maintenance free, income producing property. Bringing in $6,550 monthly with a cap rate just under 6.5%. you just can’t go wrong with this one. Please do not disturb tenants.

Additional Information

List Date
2023-03-07 00:00:00
Community
Spanaway
Net Operating Income
$62,746
Gross Adjusted Income
$69,250
Gross Scheduled Income
$78,000
Total Monthly Income
$6,550
Insurance Expenses
$1,884
Water/Sewer/Garbage Expenses
$2,760
Gross Rent Multiplier
12.69
Total Expenses
$15,254
Cap Rate
6.3
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
Electric Expenses
960
Other Expenses
900
Energy Source
Electric
School District
Bethel
Total Monthly Income
$6,550
Gross Scheduled Income
$78,000
Gross Adjusted Income
$69,250
Tax Year
2022
Insurance Expense
$1,884
W/S/G Expenses
$2,760
Total Expenses
$15,254
Net Operating Income
$62,746
Gross Rent Multiplier
12.69
Cap Rate
6.3
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