28600 25th Place S, Federal Way, WA 98003

$395,000
2,080
SqFt

Listing courtesy of The Foundation Group LLC.

Selling office:

Sold Price
$395,000
List Price
$385,000
Status
SOLD
MLS#
1504548
Closing Date
Sep 23, 2019
Days on Market
1
Style
52 - Duplex
Building Condition
['Good']
Finished SqFt
2,080
Lot Size (sq ft)
7,333

Property Description

Turn-key Duplex at 7.93% Cap!!! Major renovations have been made to this property. Unit 28600 just completed a rehab and is currently vacant, other unit is occupied with $1650 in rent with $70 utility bill back. Buyers may take advantage of upside by adding coin operated washer and dryer for extra income.

Additional Information

List Date
2019-08-12 00:00:00
Community
Central Federal Way
Property Type
MULT
Units
2
Stories
1
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
1968
Total Parking
6
Uncovered Parking
6
Exterior
Wood Products
Roof
Composition, Flat, Torch Down
Lot Details
Curbs, Paved Street, Sidewalk
School District
Federal Way
Total Monthly Income
$3,400
Gross Scheduled Income
$41,640
Vacancy Rate
5
Gross Adjusted Income
$39,558
Annual Taxes
$4,124
Tax Year
2019
Insurance Expense
$973
W/S/G Expenses
$1,451
Total Expenses
$9,028
Net Operating Income
$30,530
Gross Rent Multiplier
9
Cap Rate
7

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
1.75
Unit 1 Size
1040
Unit 1 Rent
$1,750
Unit 2 Beds
3
Unit 2 Baths
1.75
Unit 2 Size
1040
Unit 2 Rent
$1,650
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