3705 S 150th Street, Tukwila, WA 98188
- $1,360,000
- 5,429
- SqFt
Listing courtesy of The Foundation Group LLC. Selling Office: The Foundation Group LLC.
- Sold Price
- $1,360,000
- List Price
- $1,450,000
- Status
- SOLD
- MLS#
- 2180682
- Closing Date
- Jan 22, 2024
- Days on Market
- 22
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 5,429
- Area Total SqFt
- 5429
- Annual Tax Ammount
- 9633
- Lot Size (sq ft)
- 23,325
- Sewer
- Sewer Connected
Property Description
Located in the vibrant city of Tukwila, this 7-unit Multifamily property presents an opportunity for savvy investors seeking to capitalize on the region's growing rental market. This property is comprised of a SFH, a Triplex, a Duplex, and a charming Cottage, offering a diverse mix of rental options to cater to a wide range of tenants. There is ample parking, ensuring convenience for residents and eliminating the hassle of street parking. Moreover, the property offers the potential to increase total rental income by 16% providing a substantial boost to your investment returns.
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Additional Information
- List Date
- 2023-12-31 00:00:00
- Community
- Tukwila
- Net Operating Income
- $83,563
- Gross Adjusted Income
- $123,149
- Gross Scheduled Income
- $129,630
- Total Monthly Income
- $10,803
- Insurance Expenses
- $3,592
- Water/Sewer/Garbage Expenses
- $10,988
- Gross Rent Multiplier
- 11.19
- Total Expenses
- $39,586
- Cap Rate
- 5.76
- Vacancy Rate
- 5
- Total Number of Units
- 7
- Unit Name
- 3705
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1970
- Roof
- See Remarks
- Site Features
- Fenced-Fully
- Other Expenses
- 15373
- Energy Source
- Electric
- School District
- Tukwila
- Elementary School
- Thorndyke Elem
- Middle School
- Showalter Mid
- High School
- Foster Snr High
- Total Monthly Income
- $10,803
- Gross Scheduled Income
- $129,630
- Vacancy Rate
- 5
- Gross Adjusted Income
- $123,149
- Tax Year
- 2023
- Insurance Expense
- $3,592
- W/S/G Expenses
- $10,988
- Total Expenses
- $39,586
- Net Operating Income
- $83,563
- Gross Rent Multiplier
- 11.19
- Cap Rate
- 5.76
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.