4220 201 Court E, Spanaway, WA 98387

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Listing Broker: John L. Scott, Inc.; Melanie Egan; ; Selling Office: John L. Scott, Inc.

Sold Price
$585,000
List Price
$579,500
Status
SOLD
MLS#
2292240
Closing Date
Jan 02, 2025
Days on Market
12
Style
52 - Duplex
Finished SqFt
1,936
Area Total SqFt
1936
Annual Tax Ammount
5442
Lot Size (sq ft)
20,473
Sewer
Septic Tank

Property Description

This well-maintained duplex offers a fantastic investment opportunity or perfect to live in one side and rent out the other! Each side features 2 bedrooms and 1 full bath, offering a comfortable and practical floor plan. The large living rooms are bright and welcoming, perfect for relaxation or entertaining. Both units include a separate utility room for laundry and storage, plus an attached 1-car garage for convenience. Sitting on a large lot, the duplex boasts a generous fenced backyard along with fruit trees, a spacious patio for outdoor gatherings, and plenty of room for gardening or play. Located in a cul-de-sac and close to shopping and schools.

Additional Information

List Date
2024-12-21 00:00:00
Community
Frederickson
Net Operating Income
$27,300
Gross Adjusted Income
$27,300
Gross Scheduled Income
$2,275
Total Monthly Income
$2,275
Insurance Expenses
$1,900
Gross Rent Multiplier
21
Total Expenses
$7,342
Cap Rate
3.4
Total Number of Units
2
Unit Name
4220
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1973
Roof
Composition
Site Features
Cable TV, Fenced-Partially, High Speed Internet, Patio
Energy Source
Electric
School District
Bethel
Total Monthly Income
$2,275
Gross Scheduled Income
$2,275
Gross Adjusted Income
$27,300
Tax Year
2024
Insurance Expense
$1,900
Total Expenses
$7,342
Net Operating Income
$27,300
Gross Rent Multiplier
21
Cap Rate
3.4
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.
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