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Spanaway,WA 98387
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,598 sqft
Price per Sqft $263
Subdivision Spanaway
MLS Listing ID 2457959
Style 52 - Duplex
Bedrooms 6
Year Built 1997
Annual Tax Amount $6,952
Lot Size 0.293 Acres
Property Sub-Type Multi Family
Property Description
Enjoy steady cash flow, low maintenance, and a prime Spanaway location with this terrific investment opportunity just a short walk from Spanaway Lake and tucked away on a quiet residential street. Each unit has 1,299 sq ft with 3 bedrooms and 1.5 baths, with spacious, functional layouts. The fully fenced lot provides privacy and security, along with space for RV parking -- a sought-after amenity in this area and an added draw for tenants. A strong history of reliable, long-term tenants -- and a 5.1% cap rate that includes a conservative 3% vacancy rate -- is reflective of the property's steady performance and appealing returns. Located near parks, schools, shopping, JBLM, and outdoor recreation. Take a look while it's still available!
Location
State WA
County Pierce
Area 69 - Parkland
Interior
Flooring Vinyl,Carpet
Exterior
Exterior Feature Wood Products
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Bethel
Others
Acceptable Financing Cash Out,Conventional,FHA,VA Loan
Listing Terms Cash Out,Conventional,FHA,VA Loan