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

$675,000
3,328
SqFt

Listing courtesy of Keller Williams Seattle Metro.

List Price
$675,000
Status
ACTIVE
MLS#
1390122
Days on Market
13
Style
54 - 4-Plex
Building Condition
['Average']
Finished SqFt
3,328
Lot Size (sq ft)
28,270

Property Description

FOURPLEX. 6.7% current cap rate; easily get to 7.5% 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.

Additional Information

List Date
2018-11-29 00:00:00
Community
Federal Way
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
1985
Total Parking
8
Uncovered Parking
8
Exterior
Wood
Roof
Composition
Site Features
Deck, Fenced-Partially, Patio
Lot Details
Open Space, Paved Street
School District
Federal Way
Total Monthly Income
$4,657
Gross Scheduled Income
$55,884
Gross Adjusted Income
$55,884
Annual Taxes
$6,076
Tax Year
2018
Insurance Expense
$1,198
W/S/G Expenses
$3,154
Total Expenses
$10,428
Net Operating Income
$45,456
Gross Rent Multiplier
12
Cap Rate
6

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
832
Unit 1 Rent
$1,250
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
832
Unit 2 Rent
$1,150
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
832
Unit 3 Rent
$1,057
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
832
Unit 4 Rent
$1,200
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