409 411 175th St S, Spanaway, WA 98387

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Listing Broker: Crescent Realty powered by KW; Larry Bergstrom; ; Selling Office: Roopa Group.

Sold Price
$625,000
List Price
$689,950
Status
SOLD
MLS#
2278436
Closing Date
Oct 07, 2024
Days on Market
4
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
2,802
Area Total SqFt
2802
Annual Tax Ammount
7150
Lot Size (sq ft)
10,650
Sewer
Septic Tank

Property Description

3-bedroom 2.5 bath units with electric fireplace in living room Includes all kitchen appliances. Utility room. Close to freeway and shopping. Rents are under market and prime for a rent adjustment. Identical duplex next-door rents for $2450 per side. New roof last winter.

Additional Information

List Date
2024-10-03 00:00:00
Community
Lake Park
Net Operating Income
$32,769
Gross Adjusted Income
$40,980
Gross Scheduled Income
$40,980
Total Monthly Income
$3,415
Insurance Expenses
$1,051
Gross Rent Multiplier
16.84
Total Expenses
$8,211
Cap Rate
5
Total Number of Units
2
Unit Name
409 411
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
2005
Roof
Composition
Electric Expenses
10
Energy Source
Electric
School District
Bethel
Total Monthly Income
$3,415
Gross Scheduled Income
$40,980
Gross Adjusted Income
$40,980
Tax Year
2024
Insurance Expense
$1,051
Total Expenses
$8,211
Net Operating Income
$32,769
Gross Rent Multiplier
16.84
Cap Rate
5
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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