3017 S 224th St, Des Moines, WA 98198

$665,000
2,990
SqFt

Listing courtesy of RE/MAX Integrity.

List Price
$665,000
Status
PENDING
MLS#
1480721
Days on Market
95
Style
53 - Tri-plex
Building Condition
['Good']
Finished SqFt
2,990
Lot Size (sq ft)
7,239

Property Description

Hard to find triplex in an excellent location! Each unit is 2 bedrooms & 1-1.75 bathrooms. Fully occupied with long term tenants. The triplex adjacent is also available to purchase. Some updates have been made to some of the units. Plenty of parking spaces and easy access to freeway, I-5 & shopping. Drive by only, do not disturb tenants.

Additional Information

List Date
2019-07-01 00:00:00
Community
Des Moines
Property Type
MULT
Units
3
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1991
Total Parking
5
Uncovered Parking
2
Exterior
Metal/Vinyl
Roof
Composition
Lot Details
Dead End Street, Paved Street
School District
Highline
Total Monthly Income
$3,550
Gross Scheduled Income
$42,600
Gross Adjusted Income
$42,600
Annual Taxes
$7,610
Tax Year
2018
Insurance Expense
$1,000
W/S/G Expenses
$3,501
Total Expenses
$14,884
Net Operating Income
$27,716
Gross Rent Multiplier
15
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
800
Unit 1 Rent
$1,100
Unit 2 Beds
2
Unit 2 Baths
1.50
Unit 2 Rent
$1,225
Unit 3 Beds
2
Unit 3 Baths
1.75
Unit 3 Rent
$1,225
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