Property Details

MLS #
1390122
Beds
8
Cap Rate
7%
SqFt
3,328
Baths
4
Exp
$10,428.00
Price
$630,000
Foundation
Poured Concrete
Grm
11
Gsi
$55,884.00
Neighborhood
North Lake/Weyerhaeuser
Noi
$45,456.00
Parking
8
Rents
A$1,200 + B$1,057(sec8) + C$1,150 + D$1,250 = $4,557
Stories
2
Units
4
Year Built
1985/1998

Listing Description

FOURPLEX. 7% current cap rate; easily get to 7.5% with market rents. FUTURE DEVELOPMENT POTENTIAL: parcel size(.65 Acre) & zoning would allow for 4 additional units to be constructed on the lot. Each unit is 2bed/1bath with balcony/patio, individual storage, & washer/dryers. This is a solid, turn-key investment property; fully occupied & producing good cash-flow! 3/4 units have been completely remodeled with new kitchens/baths/flooring etc. High-demand rental close to freeway access & amenities.

Listing Location

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2237 S 333rd St

MLS # 1390122   $630,000

Listing by

Sound Property Group

Keller Williams Seattle Metro

 

Ph: 2069316036

5446 California Ave. SW, Seattle, WA 98136

Listing Agent
Charles Burnett
(206) 931-6036