Bought with Skyline Properties, Inc.
$864,000
$850,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
15409 42nd AVE S Tukwila, WA 98188
5,034 SqFt
Key Details
Sold Price $864,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,034 sqft
Price per Sqft $171
Subdivision Tukwila
MLS Listing ID 1546901
Sold Date 01/27/20
Style 54 - 4-Plex
Year Built 1983
Annual Tax Amount $6,032
Lot Size 7,440 Sqft
Lot Dimensions 7440
Property Description
The Tukwila 4-unit is located .4 miles from the Tukwila International Light Rail Station. The property was built in 1983 and has spacious units that are all 2B/2B at 1,024+ SqFt. Each unit has washer/dryer, fireplace, carport parking space, and storage locker. Current cap rate is 6.28% with opportunity to raise rents to at least $1,550. Market rents are strong in this location and market cap adjusts to above 7% with light updates and addition of utility bill back to tenants.
Location
State WA
County King
Area _130Buriennormandy
Interior
Interior Features Laminate Hardwood, Laminate Tile, Wall to Wall Carpet
Flooring Laminate, Carpet
Fireplace No
Exterior
Exterior Feature Wood Products
Utilities Available Sewer Connected, Electric
Amenities Available Deck, Fenced-Partially, Patio
Waterfront No
View Y/N No
Roof Type Cedar Shake
Building
Lot Description Cul-De-Sac, Dead End Street, Paved
Sewer Sewer Connected
Water Community
New Construction No
Schools
Elementary Schools Thorndyke Elem
Middle Schools Showalter Mid
High Schools Foster Snr High
School District Tukwila
Others
Acceptable Financing Conventional, FHA
Listing Terms Conventional, FHA
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