20012-& 20014 1st Place SW

    Normandy Park, WA 98166
    • $799,999
    • STATUS: Active
    • ON SITE: 77 days
    • ID#: 1485151
    Price Reduced
    UPDATED: 6 min ago
    $799,999
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,490
      SQFT
    • $229
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1982
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Triwood Realty.

    Description

    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 5.5%.Stand alone cottage features an additional 650 sqft basement with 3/4 bath.Ideal workshop or storage unit.Parcel comes w/ fractional ownership rights to 18 ac Normandy Park Cove. All tenants are month to month.Do not disturb tenants.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Lucas Pinto Real Estate Group | Compass are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-09-22T16:15:25.267.

    www.lucaspintoteam.com/homes/96616079

    20012-& 20014 1st Place SW Normandy Park, WA 98166

    • Price: $799,999
    • Status: Active
    • Updated: 6 min ago
    • ID#: 1485151
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    3,490
    SQFT
    $229
    $/SQFT
    1982
    Built
    Neighborhood:
    Normandy Park
    County:
    King
    Area:
    Burien/Normandy Park
    Elementary School:
    Marvista Elem
    Middle School:
    Pacific Mid
    High School:
    Mount Rainier High
    School District:
    Highline
    Property Description
    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 5.5%.Stand alone cottage features an additional 650 sqft basement with 3/4 bath.Ideal workshop or storage unit.Parcel comes w/ fractional ownership rights to 18 ac Normandy Park Cove. All tenants are month to month.Do not disturb tenants.
    Exterior Features

    Building Condition Good Carport Spaces 0 Exterior Wood Foundation Poured Concrete Garage Spaces 2 Lot Details AlleyCorner LotCul-de-sacDead End StreetPaved Street Roof Composition Stories In Building 2 Style 53 - Tri-plex Total Parking Spaces 8 Uncovered Spaces 6

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.75 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 1 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 1372 Unit1 Washer Dryer Y Unit2 Bathrooms 1.75 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 1 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 1372 Unit2 Washer Dryer Y Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 672 Unit3 Washer Dryer Y Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven N Unit4 Refrigerator N Unit4 Sq Ft 0 Unit4 Washer Dryer N Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven N Unit5 Refrigerator N Unit5 Sq Ft 0 Unit5 Washer Dryer N Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven N Unit6 Refrigerator N Unit6 Sq Ft 0 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities Basement Bank Owned No Cap Rate 5.50 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 46645 Gross Rent Multiplier 18 Gross Scheduled Income 46645 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1957 Leased Items None Lot Number 611800 0020 Net Operating Income 31157 New Construction YN No Other Expenses 3600 Possession See RemarksSub. Tenant's Rights Power Company Pse Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company Southwest Suburban Sewer Site Features Cable TVDeckFenced-PartiallyPatioRV ParkingShop Tax Amount 8016 Tax Year 2018 Terms Cash OutConventionalFHAVA Third Party Approval Required None Total Expenses EXP 15488 Total Expenses TEX 15488 Total Monthly Income 3865 Unit1 Monthly Rent 1480 Unit2 Monthly Rent 1385 Unit3 Monthly Rent 1000 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 0 Water Company Highline Water Sewer Garbage 1915 Water Source Public

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Lucas Pinto Real Estate Group | Compass and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Lucas Pinto Real Estate Group | Compass are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-09-22T16:15:25.267.

     
    Lucas Pinto Real Estate Group | Compass
    800 Bellevue Way NE Suite 500
    Bellevue WA, 98004
    Listing Courtesy of Triwood Realty.