1920 -1922 87th Avenue Ct E, Edgewood, WA 98371
- $695,000
- 1,800
- SqFt
Listing courtesy of Keller Williams Realty PS. Selling Office: RE/MAX Integrity.
- Sold Price
- $695,000
- List Price
- $695,000
- Status
- SOLD
- MLS#
- 2206502
- Closing Date
- Apr 10, 2024
- Days on Market
- 2
- Style
- 52 - Duplex
- Finished SqFt
- 1,800
- Area Total SqFt
- 1800
- Annual Tax Ammount
- 5875
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 20,038
- Sewer
- Septic Tank
Property Description
Looking for a lucrative rental income property? Well look no further! This turnkey duplex situated on nearly half an acre is ready to be the crown jewel of your investment portfolio! Each 900-sqft unit features 2 bedrooms, a full bath, a spacious living room, dining area, plus a kitchen with the fridge, range, and built-in microwave included. Both units also boast their own laundry rooms and 1-car garages, plus ample driveway parking and huge fully fenced back yards. Centrally located near shopping, dining, public transport, and freeway access. With both tenants under active leases and robust suggested pro-forma market rent of up to $2,400 per unit, this remarkable investment opportunity is ripe for the picking!
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2024-04-08 00:00:00
- Community
- Edgewood
- Net Operating Income
- $28,065
- Gross Adjusted Income
- $35,940
- Gross Scheduled Income
- $35,940
- Total Monthly Income
- $2,995
- Insurance Expenses
- $2,000
- Gross Rent Multiplier
- 19.3
- Total Expenses
- $7,875
- Cap Rate
- 4
- Total Number of Units
- 2
- Unit Name
- 1920 -1922
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1962
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, Patio
- Energy Source
- Electric
- School District
- Fife
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $2,995
- Gross Scheduled Income
- $35,940
- Gross Adjusted Income
- $35,940
- Tax Year
- 2023
- Insurance Expense
- $2,000
- Total Expenses
- $7,875
- Net Operating Income
- $28,065
- Gross Rent Multiplier
- 19.3
- Cap Rate
- 4
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.