3011 S 224th St, Des Moines, WA 98198

$675,000
3,040
SqFt

Listing courtesy of RE/MAX Integrity.

List Price
$675,000
Status
ACTIVE
MLS#
1480729
Days on Market
106
Style
53 - Tri-plex
Finished SqFt
3,040
Lot Size (sq ft)
7,651

Property Description

Hard to find triplex in an excellent location! Each unit is 2 bedrooms & 1.5-1.75 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
4
Uncovered Parking
1
Exterior
Metal/Vinyl
Roof
Composition
Lot Details
Dead End Street, Paved Street
School District
Highline
Total Monthly Income
$3,350
Gross Scheduled Income
$40,500
Gross Adjusted Income
$40,500
Annual Taxes
$7,900
Tax Year
2018
Insurance Expense
$900
W/S/G Expenses
$3,502
Total Expenses
$15,076
Net Operating Income
$25,424
Gross Rent Multiplier
16
Cap Rate
3

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.50
Unit 1 Rent
$1,200
Unit 2 Beds
2
Unit 2 Baths
1.75
Unit 2 Rent
$1,075
Unit 3 Beds
2
Unit 3 Baths
1.75
Unit 3 Rent
$1,075
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