WA > Spanaway > Lake Park
Spanaway, WA 98387,116 173rd ST S
Spanaway, WA 98387,116 173rd ST S
Spanaway, WA 98387,116 173rd ST S
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Brad Hanks

Brad Hanks

+1(360) 966-6726
Listed by John L. Scott, Inc.
$3,200,000
Est. payment /mo
25 Beds
13 Baths
12,692 SqFt
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UPDATED:

09/07/2024 09:41 AM

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

Lot Dimensions 203'x152'

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

Interior Features Wall to Wall Carpet

Flooring Vinyl, Carpet

Fireplace Yes

Exterior

Exterior Feature Wood, Wood Products

Waterfront No

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

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)
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Brad Hanks

+1(360) 966-6726

Managing Broker | License ID: 73959

Managing Broker License ID: 73959

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