2516 286th Place S, Federal Way, WA 98003

$710,000
4,008
SqFt

Listing courtesy of Keller Williams Realty PS.

Selling office:

Sold Price
$710,000
List Price
$685,000
Status
SOLD
MLS#
1504176
Closing Date
Sep 18, 2019
Days on Market
2
Style
54 - 4-Plex
Building Condition
['Good']
Finished SqFt
4,008
Lot Size (sq ft)
7,235

Property Description

All Units have 3 bedrooms / 1.75 Baths and Garage for each unit. Coin op washer and dryer is shared by all 4 units. Roof looks to be a 15 year roof, with 2-4 years left on it. Tenants pay their own Garbage and Electricity. Rents are proforma for unit D

Additional Information

List Date
2019-08-11 00:00:00
Community
Federal Way
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional, FHA
Year Built
1969
Total Parking
8
Uncovered Parking
4
Exterior
Wood Products
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, Gated Entry, Patio
Lot Details
Curbs, Paved Street, Sidewalk
School District
Federal Way
High School
Thomas Jefferson Hig
Total Monthly Income
$6,225
Gross Scheduled Income
$74,700
Gross Adjusted Income
$55,208
Annual Taxes
$6,874
Tax Year
2018
Insurance Expense
$2,958
W/S/G Expenses
$7,200
Total Expenses
$17,992
Net Operating Income
$55,208
Gross Rent Multiplier
12
Cap Rate
8

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
1.75
Unit 1 Size
1000
Unit 1 Rent
$1,625
Unit 2 Beds
3
Unit 2 Baths
1.75
Unit 2 Size
1000
Unit 2 Rent
$1,500
Unit 3 Beds
3
Unit 3 Baths
1.75
Unit 3 Size
1000
Unit 3 Rent
$1,350
Unit 4 Beds
3
Unit 4 Baths
1.75
Unit 4 Size
1000
Unit 4 Rent
$1,650
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