620 162nd Street S, Spanaway, WA 98387
- $850,000
- 3,510
- SqFt
Listing courtesy of RE/MAX Extra Inc.. Selling Office: Skyline Properties, Inc..
- Sold Price
- $850,000
- List Price
- $850,000
- Status
- SOLD
- MLS#
- 2232105
- Closing Date
- Jun 13, 2024
- Days on Market
- 42
- Style
- 52 - Duplex
- Building Condition
- Remodeled
- Finished SqFt
- 3,510
- Area Total SqFt
- 3510
- Annual Tax Ammount
- 6626
- Lot Size (sq ft)
- 11,250
- Sewer
- Septic Tank
Property Description
Possible owner financing as low as 6.9% interest rate w/ interest only payment option available. This property offers an ideal income generating opportunity w/ 8.2 % CAP. The duplex w/ 3,450 SF, 5 bed, 2 baths & 1,770 SF EA side. Spacious living room w/ access to deck. Right unit has a complete remodel featuring: all NEW Kitchen cabinets w/ soft close drawers, NEW granite counters, NEW appliances. Bathrooms are both NEW w/ cabinets and granite counters. NEW flooring thru-out, NEW paint, NEW roof, plumbing with Pex. There is a large back yard, lots of parking & NEW water meters. Use to be a 4 plex and years ago was converted to a duplex, it could be converted back. Close to all amenities, schools, parks & stores 1 block from Spanaway Lake.
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Additional Information
- List Date
- 2024-05-02 00:00:00
- Community
- Spanaway Lake
- Net Operating Income
- $62,294
- Gross Adjusted Income
- $62,294
- Gross Scheduled Income
- $69,600
- Total Monthly Income
- $5,800
- Insurance Expenses
- $680
- Gross Rent Multiplier
- 12.2
- Total Expenses
- $7,306
- Cap Rate
- 8.2
- Total Number of Units
- 2
- Unit Name
- 620
- Potential Terms
- Cash Out, Conventional, FHA, Owner Financing, VA Loan
- Year Built
- 1972
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Fully, High Speed Internet, Patio, RV Parking
- Energy Source
- Electric
- School District
- Bethel
- Elementary School
- Buyer To Verify
- Middle School
- Spanaway Jnr High
- High School
- Spanaway Lake High
- Total Monthly Income
- $5,800
- Gross Scheduled Income
- $69,600
- Gross Adjusted Income
- $62,294
- Tax Year
- 2024
- Insurance Expense
- $680
- Total Expenses
- $7,306
- Net Operating Income
- $62,294
- Gross Rent Multiplier
- 12.2
- Cap Rate
- 8.2
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.