MLS® ID: 1485151

20012 1st Place SW

Normandy Park, Washington, 98166

$849,000 Active
  • 3490 SQFT
Fully rented triplex with 0% vacancy in last 5 years. Numbers based on actual rents and expenses from 2018. Market rent for units are $1,800, $1,800, $1,500. Additional income could be generated from utility bill back of $50/unit bringing stabilized Cap Rate to 5%.Stand alone cottage features an additional 650 sqft basement with 3/4 bath.Ideal workshop or storage unit.Parcel comes with fractional ownership rights to 18 ac Normandy Park Cove. All tenants are month to month.Do not disturb tenants.
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Overlay Logo Listing courtesy of Triwood Realty

Amenities

  • Full baths
    0
  • Half baths
    0
  • Total Baths
    0
  • Zip
    98166
  • Office name
    Triwood Realty
  • SQFT
    3490
  • Bedrooms
    0
  • Property type
    Multi-Family
  • School district
    HGL
  • Elementary school
    Marvista Elem
  • Junior high
    Pacific Mid
  • High school
    Mount Rainier High
  • Year built
    1982
  • Lot size
    10350
  • Sewer
    Sewer Connected
  • Heating
    Baseboard
  • Tax year
    2018
  • Agent name
    Robert Underwood
  • Tax amount
    $ 8016.0
  • Purchase Type
    Active
  • HOA fees
    $ 0
  • Price Range
    $800k-$900k
  • Square Feet Range
    3000-3500 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    4385
  • Agent ID
    56478

Location

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