20015 1st Avenue S, Normandy Park, WA 98198

$715,000
3,020
SqFt

Listing courtesy of The Foundation Group LLC. Selling Office: Windermere R.E. Northeast, Inc.

Sold Price
$715,000
List Price
$675,000
Status
SOLD
MLS#
1820925
Closing Date
Sep 24, 2021
Days on Market
3
Style
52 - Duplex
Building Condition
Good
Finished SqFt
3,020
Area Total SqFt
3020
Lot Size (sq ft)
10,125

Property Description

The Duplex consists of two townhome style units with W/D's and dishwashers. Each basement has a spacious living room perfect for a home gym, game area or lounge. There is ample parking for at least 6 vehicles and two storage sheds. An investor could potentially add a fourth bedroom into the basement living spaces for maximized returns. The building just had a new roof put on and a new refreshed paint job. The property is currently vacant and is move-in ready however, light update for the kitchens and flooring will maximize rents & push market cap rate closer to 6.5%. Immediate access to the Normandy Park Center for all your shopping needs. Nearby the Marvista Park and has exclusive member access to Normandy Park Beach Club.

Additional Information

List Date
2021-09-21 00:00:00
Community
Normandy Park
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1960
Roof
Torch Down
Heating/Cooling Type
Baseboard
Energy Source
Electric
School District
Highland
Total Monthly Income
$4,200
Gross Scheduled Income
$50,400
Gross Adjusted Income
$50,400
Tax Year
2021
Insurance Expense
$1,305
W/S/G Expenses
$4,061
Total Expenses
$9,953
Net Operating Income
$40,447
Gross Rent Multiplier
13
Cap Rate
6
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks