20012 & 20014 1st Place SW, Normandy Park, WA 98166

$849,000
3,490
SqFt

Listing courtesy of Triwood Realty.

List Price
$849,000
Status
ACTIVE
MLS#
1485151
Days on Market
13
Style
53 - Tri-plex
Building Condition
['Good']
Finished SqFt
3,490
Lot Size (sq ft)
10,350

Property Description

Fully rented triplex with 0% vacancy in last 5 years. Numbers based on actual rents and expenses from 2018. Market rent for units are $1,800, $1,800, $1,500. Additional income could be generated from utility bill back of $50/unit bringing stabilized Cap Rate to 5%.Stand alone cottage features an additional 650 sqft basement with 3/4 bath.Ideal workshop or storage unit.Parcel comes with fractional ownership rights to 18 ac Normandy Park Cove. All tenants are month to month.Do not disturb tenants.

Additional Information

List Date
2019-07-03 00:00:00
Community
Normandy Park
Property Type
MULT
Units
3
Stories
2
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
1982
Total Parking
8
Uncovered Parking
6
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, Patio, RV Parking, Shop
Lot Details
Alley, Corner Lot, Cul-de-sac, Dead End Street, Paved Street
School District
Highline
Elementary School
Marvista Elem
Middle School
Pacific Mid
High School
Mount Rainier High
Total Monthly Income
$3,865
Gross Scheduled Income
$46,645
Gross Adjusted Income
$46,645
Annual Taxes
$8,016
Tax Year
2018
Insurance Expense
$1,957
W/S/G Expenses
$1,915
Total Expenses
$1,548,808
Net Operating Income
$31,157
Gross Rent Multiplier
18
Cap Rate
3

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.75
Unit 1 Size
1372
Unit 1 Rent
$1,480
Unit 2 Beds
2
Unit 2 Baths
1.75
Unit 2 Size
1372
Unit 2 Rent
$1,385
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
672
Unit 3 Rent
$1,000
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks