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Listing 17 out of 1,513
$1,545,000 For Sale

130 SW 184th St
Normandy Park, WA 98166

8 units | Multi Family Home
11918 sq ft - MLS# 1399634 Courtesy of Paragon Real Estate Advisors
Property Photo
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Description

Charming and well-maintained 8-unit apartment community is located in the quiet residential area of Normandy Park. The Furlani Apartments offers an investor the opportunity to acquire a well-located, easy to manage apartment community with income upside and potential to add value. The buyer can take advantage of a strong, rising rental market while increasing rents to market levels and charging for utilities and will reap the rewards of immediate upside and long-term appreciation.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: King County
  • Zip Code: 98166
  • Year Built: 1967
  • School District: Highline
  • Sq.Ft.: 5,760 sq ft
  • Units: 8 units
  • # of Parking Spaces: 15
  • Lot Size: 11918 sq ft
  • Area: Normandy Park
  • Amenities: Coin Op Laundry
  • Area Number: 130
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bathrooms Unit 5: 1.00
  • Bathrooms Unit 6: 1.00
  • Bedrooms Unit 1: 1
  • Bedrooms Unit 2: 2
  • Bedrooms Unit 3: 2
  • Bedrooms Unit 4: 2
  • Bedrooms Unit 5: 2
  • Bedrooms Unit 6: 2
  • Cap Rate - NOI div LP: 4.60
  • Energy Source(heat): Electric
  • Exterior: Wood, Wood Products
  • Floor Covering: Laminate Hardwood, Vinyl, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $115546
  • Gross Rent Multiplier: $12
  • Gross Scheduled Income: $120360
  • Heating/Cooling: Baseboard
  • Insurance Expenses: $3782
  • Net Operating Income: $71158
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 15
  • Other Expenses: $17800
  • Rent Unit 1: $800
  • Rent Unit 2: $1350
  • Rent Unit 3: $1375
  • Rent Unit 4: $1275
  • Rent Unit 5: $1050
  • Rent Unit 6: $1375
  • Roof: Flat
  • Square Feet Unit 1: 600
  • Square Feet Unit 2: 740
  • Square Feet Unit 3: 740
  • Square Feet Unit 4: 740
  • Square Feet Unit 5: 740
  • Square Feet Unit 6: 740
  • Total Expenses: $44387, $44387
  • Total Monthly Income: $10030
  • Vacancy Rate: 4
  • Water/Sewer/Garbage: 9200
Courtesy of Paragon Real Estate Advisors
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Real estate listings held by brokerage firms other than Richard Beckman Realty Group LLC are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-03-21

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Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

Richard Beckman
Richard Beckman Realty Group LLC
117 N 8th Street
Shelton, WA 98584
Phone: 360-426-5521
Email: leads@richardbeckman.com

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Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

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