17121 20th Avenue E
Spanaway,
WA $420,000
Wonderful Rambler Style Spanaway Duplex! Large corner lot. 2 bedrooms, 1 full bath each side & 1 car garage each side. New roof & New vinyl windows & doors in 2018. Fully fenced yards with privacy fence between units, each side has a patio with privacy fence. New garage doors. New improved crawlspace access hatches. Washer/Dryers are tenants. Long term tenants would enjoy staying. Interior of units have minor updates. Drive bys ok but don't disturb tenants. Great location near 176th, near JBLM. Month-to-month. Below market rents haven't been raised in over 1 1/2 years. Showing & inspections after mutual accepted offer. As-Is. Good Investor Purchase. No FHA or VA. Tenant notice will be buyer's responsibility after closing if choose.
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Listing ID1798112
Sold For$420,000$25K
StatusClosed
Sold Date8/17/2021
SqFt
1,584
Acres
0.287
CountyPierce
SubdivisionSpanaway
Year Built1977
Property TypeResidential Income
Property Sub TypeMulti-Family
County
Pierce
Price Before Reduction
445000
Price Reduction Date
2021-07-06T17:44:07+00:00
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
Spanaway
Year Built
1977
Building Area Units
Square Feet
Flooring
Vinyl, Carpet
Furnished
Unfurnished
Heating Cooling Type
Baseboard
Living Area Units
Square Feet
Stories Total
1
Covered Spaces
2
Elevation Units
Feet
Exterior Features
Wood Products
Foundation Details
Poured Concrete
Lot Features
Corner Lot, Paved
Lot Number
21-25
Lot Size Square Feet
12500
Lot Size Units
Square Feet
MLS Lot Size Source
tax records
Number Of Units Total
2
Open Parking Spaces
4
Parking Total
6
Parking Uncovered Spaces
4
Roof
Composition
Sewer
Septic Tank
Structure Type
Duplex
Style Code
52 - Duplex
Units Below Grade
false
Units In Building Total
2
Utilities
Cable Connected, Septic, Electricity Available
Water Source
Public
Building Area Total
1584
Building Name
Denney Add
Country
US
High School District
Bethel
MLS Area Major
99 - Spanaway
Waterfront
no
Zoning Class
Multi-Family,Residential
Amenities
Energy Package,Thermal Windows
Effective Year Built Source
Public Records
First Right Of Refusal
no
Green Energy Efficient
Thermal Windows
Mls Status
Sold
Offers
Seller intends to review offers upon receipt
Possible Use
Multi-Family, Residential
Power Production Type
Electric
Preliminary Title Ordered
yes
Property Condition
Very Good
Show Map Link
yes
Site Features
Cable TV, Fenced-Fully, Patio
Year Built Effective
1987
Buyer Financing
Conventional
Cap Rate
3.74
Gross Adjusted Income
23640
Gross Rent Multiplier
18
Gross Scheduled Income
23640
Insurance Expense
998
Leasable Area
1584
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
16647
Other Expense
1891
Possession
Closing, Tenant's Rights
Sale Type
MLS
Seller Disclosure
Provided
Special Listing Conditions
None
Tax Annual Amount
4104
Tax Year
2021
Total Expenses
6993
Total Monthly Income
1970
Schedule a Showing - Listing ID 1798112
Schedule a Showing
Schedule a Showing - Listing ID 1798112
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