217-219 169th St E

    Spanaway, WA 98387
    • $485,000
    • STATUS: Pending Inspection
    • ON SITE: 9 days
    • ID#: 1601928
    Under Contract
    UPDATED: 172 min ago
    $485,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,782
      SQFT
    • $174
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2007
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of John L. Scott, Inc..

    Description

    Great opportunity for investment property with good cap rate. This newer duplex has been well maintained & in good condition with long term tenants who want to stay. This townhome style duplex is a rare find with each unit offering 3 bedrooms, 2.5 bathrooms, 2 car garage & large backyard with patios. All making these very desirable rental units! Both units are rented under market with room for cap rate growth potential. Don't miss out on this amazing opportunity! Pictures are of unit 219.

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Better Properties Lacey are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-05-26T00:13:57.4.

    www.betterpropertieslacey.com/homes/105950696

    217-219 169th St E Spanaway, WA 98387

    • Price: $485,000
    • Status: Pending Inspection
    • Updated: 172 min ago
    • ID#: 1601928
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    2,782
    SQFT
    $174
    $/SQFT
    2007
    Built
    Neighborhood:
    Lake Park
    County:
    Pierce
    Area:
    Spanaway
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Bethel
    Property Description
    Great opportunity for investment property with good cap rate. This newer duplex has been well maintained & in good condition with long term tenants who want to stay. This townhome style duplex is a rare find with each unit offering 3 bedrooms, 2.5 bathrooms, 2 car garage & large backyard with patios. All making these very desirable rental units! Both units are rented under market with room for cap rate growth potential. Don't miss out on this amazing opportunity! Pictures are of unit 219.
    Exterior Features

    Building Condition Very Good Carport Spaces 0 Exterior Wood Products Foundation Poured Concrete Garage Spaces 4 Lot Details Paved Street Roof Composition Stories In Building 2 Style 52 - Duplex Total Parking Spaces 8 Uncovered Spaces 4

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling Forced Air Unit1 Bathrooms 2.50 Unit1 Bedrooms 3 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 1391 Unit1 Washer Dryer Y Unit2 Bathrooms 2.50 Unit2 Bedrooms 3 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 1391 Unit2 Washer Dryer Y Unit3 Bathrooms 0.00 Unit3 Bedrooms 0 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven N Unit3 Refrigerator N Unit3 Sq Ft 0 Unit3 Washer Dryer N Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven N Unit4 Refrigerator N Unit4 Sq Ft 0 Unit4 Washer Dryer N Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven N Unit5 Refrigerator N Unit5 Sq Ft 0 Unit5 Washer Dryer N Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven N Unit6 Refrigerator N Unit6 Sq Ft 0 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 5.00 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 32592 Gross Rent Multiplier 14 Gross Scheduled Income 33600 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1052 Leased Items None Net Operating Income 24242 New Construction YN No Other Expenses 70 Possession ClosingSub. Tenant's Rights Power Company Tpu Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company Pierce County Sewer Site Features Cable TVHigh Speed InternetPatio Tax Amount 5852 Tax Year 2020 Terms Cash OutConventionalFHAVA Third Party Approval Required None Total Expenses EXP 2568 Total Expenses TEX 2568 Total Monthly Income 2800 Unit1 Monthly Rent 1400 Unit2 Monthly Rent 1400 Unit3 Monthly Rent 0 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 3 Water Company Spanaway Water Water Sewer Garbage 1446 Water Source Public Zoning Jurisdiction County

    Listing information © 2020 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Better Properties Lacey and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Better Properties Lacey are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-05-26T00:13:57.4.

     
    Better Properties Lacey
    3201 Willamette Dr NE, Ste E
    Lacey WA, 98516
    Listing Courtesy of John L. Scott, Inc..