Spanaway 4-Plex Portfolio (Status: Pending) 2490000

3621, 217th St, Spanaway, WA  98387

Property:Prime investment opportunity! 4-Plex portfolio for sale in Spanaway, 3 buildings for a total of 12 units. Well maintained 1.97 AC, partially fenced. Each 4-plex is made up of 2-bedroom, 1 bath apartments and has a coin operated laundry facility attached. Apartments have access to either a patio or a balcony and abundant green space.Property under same ownership for decades. Immediate upside as occupied units are well under market rates. Three units in one 4-plex are currently vacant with market rents at $1,200/month, for a potential increase in income of $43,200 annually.Location:Well situated property located across the street from Shining Mountain Elementary School in Spanaway. Minutes from The Classic Golf Club and the high growth Frederickson employment center as well as

Listing Details

Asset Class: Multi-Family
Year Built: 1966
Building Total Square Feet: 8700
Available Lease Space Square Feet: 8700
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information: R5 – Rural 5

Listing Courtesy of: Keller Williams Commercial

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.