31115 8th Ave SW, Federal Way, WA 98023

$489,950
2,020
SqFt

Listing courtesy of Coldwell Banker Danforth.

List Price
$489,950
Status
ACTIVE
MLS#
1715802
Price Change
▼ $10,000 1611646480
Days on Market
0
Style
52 - Duplex
Building Condition
['Good']
Finished SqFt
2,020
Lot Size (sq ft)
10,231

Property Description

Great opportunity for first time investor. Rents are way below market and tenants are on a month to month agreement.Close to Bus line, Stores and Starbucks!

Additional Information

List Date
2021-01-10 00:00:00
Community
Mirror Lake
Property Type
MULT
Units
2
Stories
1
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
1971
Total Parking
2
Exterior
Stone, Wood
Roof
Composition
Site Features
Fenced-Fully
Lot Details
Paved Street
School District
Federal Way
Total Monthly Income
$20,220
Gross Scheduled Income
$20,220
Gross Adjusted Income
$20,220
Annual Taxes
$4,147
Tax Year
2020
Insurance Expense
$1,035
W/S/G Expenses
$1,294
Total Expenses
$6,476
Net Operating Income
$13,743
Gross Rent Multiplier
25
Cap Rate
2

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
1010
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
1010
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