900 -906 S 281st Street, Des Moines, WA 98198

$1,425,000
2,428
SqFt

Listing courtesy of Keller Williams Realty PS.

List Price
$1,425,000
Status
ACTIVE
MLS#
1863655
Price Change
▼ $25,000 1638053654
Days on Market
23
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
2,428
Area Total SqFt
2428
Lot Size (sq ft)
24,511

Property Description

Attention Developers! Estate forces sale! Excellent income opportunity in Redondo! Superb location by Puget Sound. Beautiful views. 4 homes plus an office space across 4 parcels with space for possible expansion or start over. Zoning for RS 4000 & RM 2400. Shared driveway. All homes in good condition and currently tenant occupied. Please Do NOT disturb the tenants.

Additional Information

List Date
2021-11-04 16:49:09
Community
Redondo
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1944
View
Bay, City, Mountain(s), Ocean, Sound, Territorial
Roof
Composition
Site Features
Deck, Fenced-Partially, Gas Available, Outbuildings, Patio
Heating/Cooling Type
Forced Air, Stove/Free Standing
Other Expenses
300
Energy Source
Electric, Natural Gas
School District
Federal Way
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$5,200
Gross Scheduled Income
$62,400
Gross Adjusted Income
$62,400
Tax Year
2021
Insurance Expense
$2,706
W/S/G Expenses
$3,207
Total Expenses
$17,794
Net Operating Income
$44,606
Gross Rent Multiplier
22
Cap Rate
3
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