116 173rd ST S Active Save Request In-Person Tour Request Virtual Tour
Spanaway,WA 98387
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,692 sqft
Price per Sqft $252
Subdivision Lake Park
MLS Listing ID 2287714
Style 56 - 10+ Units
Bedrooms 25
Year Built 1968
Annual Tax Amount $23,023
Lot Size 0.747 Acres
Property Description
Impeccably Maintained 13-Unit Complex Offering Strong Returns & Immediate Cash Flow Opportunities. Benefit from fresh exterior paint, new decking & updated septic risers. Recent updates for all units include electrical panels & water tanks. Several units have been upgraded with modern finishes: cabinets, countertops, appliances, trim & flooring. Additional features include, coin-operated laundry facility, 13 individual garage spaces, 5 storage units, rare & valuable amenities. Long-term tenants ensure steady cash flow, with units turning over quickly when they become available. Conveniently located to schools, shopping, JBLM & outdoor recreation, this is a prime opportunity to invest in a well-maintained property with long-term potential.
Location
State WA
County Pierce
Area 99 - Spanaway
Interior
Flooring Vinyl,Carpet
Exterior
Exterior Feature Wood,Wood Products
View Y/N Yes
View Mountain(s)
Roof Type Composition
Building
Lot Description Alley,Paved
Sewer Septic Tank
Water Public
New Construction No
Schools
Elementary Schools Thompson Elem
Middle Schools Spanaway Jnr High
High Schools Spanaway Lake High
School District Bethel
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional