MLS® ID: 1485151
20012 1st Place SW
Normandy Park, Washington, 98166 $849,000
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.