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(253) 209-4200
Real Estate Company
613 176th Street S, Spanaway, WA 98387
- $520,000
- 1,998
- SqFt
Listing Broker: Gateway Real Estate; Jonathan Watson; ; Selling Office: Mosaic Realty.
- Sold Price
- $520,000
- List Price
- $520,000
- Status
- SOLD
- MLS#
- 2234511
- Closing Date
- Jul 17, 2024
- Style
- 52 - Duplex
- Building Condition
- Average
- Finished SqFt
- 1,998
- Area Total SqFt
- 1998
- Annual Tax Ammount
- 5827
- Lot Size (sq ft)
- 12,510
- Sewer
- Septic Tank
Property Description
Attention all Investors! Townhouse-style duplex on a HUGE lot. Units are 2 bedrooms 2 bathrooms. Interior features include a high ceiling, a breakfast nook off the kitchen, a refrigerator, dishwasher, range, oven plus ceiling fans, and double-door closets in bedrooms. The building is centrally located off Pacific Avenue blocks from Spanaway Lake and Spanaway Park. The exterior boasts a newer roof approximately 2 yr old, a patio, a privacy fence, and a fully fenced rear yard. Each unit offers a one-car garage and plenty of off-street parking! Value-added opportunity.
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Additional Information
- Community
- Spanaway
- Net Operating Income
- $34,454
- Gross Adjusted Income
- $42,000
- Gross Scheduled Income
- $42,000
- Total Monthly Income
- $3,500
- Insurance Expenses
- $968
- Water/Sewer/Garbage Expenses
- $769
- Gross Rent Multiplier
- 12.38
- Total Expenses
- $7,564
- Cap Rate
- 6.77
- Total Number of Units
- 2
- Unit Name
- 613
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1978
- View
- Territorial
- Roof
- Composition, See Remarks
- Site Features
- Cable TV, Fenced-Fully, Patio, RV Parking
- Energy Source
- Electric
- School District
- Bethel
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $3,500
- Gross Scheduled Income
- $42,000
- Gross Adjusted Income
- $42,000
- Tax Year
- 2023
- Insurance Expense
- $968
- W/S/G Expenses
- $769
- Total Expenses
- $7,564
- Net Operating Income
- $34,454
- Gross Rent Multiplier
- 12.38
- Cap Rate
- 6.77
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.