29207 29209 18th Ave S, Federal Way, WA 98003

$432,000
1,968
SqFt

Listing courtesy of Renters Warehouse. Selling Office: Redfin Corp..

Sold Price
$432,000
List Price
$415,000
Status
SOLD
MLS#
1565261
Closing Date
Mar 16, 2020
Days on Market
1
Style
52 - Duplex
Building Condition
['Average']
Finished SqFt
1,968
Lot Size (sq ft)
7,841

Property Description

Incredible investment opportunity located in Federal Way. Each unit features 2 Large bedrooms with 1 bathroom, includes all appliances. Centrally located, Low Maintenance Property close to shopping, freeways, and bus lines. 29207 is currently vacant and ready to show, units are identical. Please Do Not Disturb Tenant in Unit 29209.

Additional Information

List Date
2020-02-14 00:00:00
Community
Redondo
Property Type
MULT
Units
2
Stories
1
Potential Terms
Cash Out, Conventional, See Remarks
Year Built
1967
Total Parking
4
Uncovered Parking
2
View
Territorial
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Patio
Lot Details
Paved Street
School District
Federal Way
Gross Scheduled Income
$38,400
Vacancy Rate
5
Gross Adjusted Income
$29,846
Annual Taxes
$3,709
Tax Year
2019
Insurance Expense
$1,245
W/S/G Expenses
$1,200
Total Expenses
$8,554
Net Operating Income
$26,535
Gross Rent Multiplier
11

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
984
Unit 1 Rent
$1,600
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
984
Unit 2 Rent
$1,600
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