2237 S 333rd St , A-D

    Federal Way, WA 98003
    • $650,000
    • STATUS: Pending
    • ON SITE: 48 days
    • ID#: 1390122
    Under Contract
    UPDATED: 127 min ago
    $650,000
    • 0
      BEDS
    • 0.65
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,328
      SQFT
    • $195
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1985
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Keller Williams Seattle Metro.

    Description

    FOURPLEX. 7% current cap rate; easily get to 8% with market rents. FUTURE DEVELOPMENT POTENTIAL: parcel size(.65 Acre) & zoning would allow for 4 additional units to be constructed on the lot. Each unit is 2bed/1bath with balcony/patio, individual storage, & washer/dryers. This is a solid, turn-key investment property; fully occupied & producing good cash-flow! 3/4 units have been completely remodeled with new kitchens/baths/flooring etc. High-demand rental close to fwy access & amenities.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-01-18T00:16:02.943.

    www.kimberlygartlandgroup.com/homes/89777715

    2237 S 333rd St , A-D Federal Way, WA 98003

    • Price: $650,000
    • Status: Pending
    • Updated: 127 min ago
    • ID#: 1390122
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.65
    Acres
    3,328
    SQFT
    $195
    $/SQFT
    1985
    Built
    Neighborhood:
    Federal Way
    County:
    King
    Area:
    Dash Pt/Fed Way
    School District:
    Federal Way
    Property Description
    FOURPLEX. 7% current cap rate; easily get to 8% with market rents. FUTURE DEVELOPMENT POTENTIAL: parcel size(.65 Acre) & zoning would allow for 4 additional units to be constructed on the lot. Each unit is 2bed/1bath with balcony/patio, individual storage, & washer/dryers. This is a solid, turn-key investment property; fully occupied & producing good cash-flow! 3/4 units have been completely remodeled with new kitchens/baths/flooring etc. High-demand rental close to fwy access & amenities.
    Exterior Features

    Building Condition Average Carport Spaces 8 Exterior Wood Foundation Poured Concrete Garage Spaces 0 Lot Details Open SpacePaved Street Roof Composition Stories In Building 2 Style 54 - 4-Plex Total Parking Spaces 8 Uncovered Spaces 8

    Interior Features

    Floor Covering Laminate HardwoodVinylWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 1 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 832 Unit1 Washer Dryer Y Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 1 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 832 Unit2 Washer Dryer Y Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 1 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 832 Unit3 Washer Dryer Y Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 1 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 832 Unit4 Washer Dryer Y Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Amenities StorageThermal Windows Bank Owned No Cap Rate 7.00 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-FamilyResidential Gross Adjusted Income 55884 Gross Rent Multiplier 12 Gross Scheduled Income 55884 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1198 Leased Items None Lot Number 26 Net Operating Income 45456 New Construction YN No Other Expenses 0 Possession Closing Power Company Puget Sound Energy Right Of First Refusal No Septic Approved For Number Of Bedrooms 8 Sewer Sewer Connected Sewer Company Lakehaven Water & Sewer Site Features DeckFenced-PartiallyPatio Tax Amount 6076 Tax Year 2018 Terms Cash OutConventionalFHAVA Third Party Approval Required None Total Expenses EXP 10428 Total Expenses TEX 10428 Total Monthly Income 4657 Unit1 Monthly Rent 1250 Unit2 Monthly Rent 1150 Unit3 Monthly Rent 1057 Unit4 Monthly Rent 1200 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 0 Water Company Lakehaven Water & Sewer Water Sewer Garbage 3154 Water Source Community Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Kimberly Gartland Group - Keller Williams Realty and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-01-18T00:16:02.943.

     
    Kimberly Gartland Group - Keller Williams Realty
    5263 Olympic Drive NW, Suite B
    Gig Harbor WA, 98335
    Listing Courtesy of Keller Williams Seattle Metro.