200 Milton Wy

    Milton, WA 98354
    • $3,000,000
    • STATUS: Pending Inspection
    • ON SITE: 87 days
    • ID#: 1351280
    Under Contract
    UPDATED: 26 min ago
    $3,000,000
    • 0
      BEDS
    • 3.94
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,908
      SQFT
    • $168
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    County:
    Area:

    School Ratings & Info

    School District:
    Listing Courtesy of Westlake Associates, Inc..

    Description

    Built in 1984, the Royal View Apts has undergone significant interior renovation with 10 of the 16 units renovated. The building offers 14 two beds, 2 three beds, 17 garages (42 total parking) and all units have full size WD. Currently a 6.37% CAP, there remains significant upside to finish interior renovations. Spacious floorplans, laundry rooms, fireplace, large decks, private garages and excellent proximity to the freeway make this an excellent home for residents.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Homes on the Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-11-20T19:15:49.38.

    www.homesonthesound.com/homes/86863115

    200 Milton Wy Milton, WA 98354

    • Price: $3,000,000
    • Status: Pending Inspection
    • Updated: 26 min ago
    • ID#: 1351280
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.94
    Acres
    17,908
    SQFT
    $168
    $/SQFT
    Neighborhood:
    Milton
    County:
    Pierce
    Area:
    Milton
    School District:
    Northshore
    Property Description
    Built in 1984, the Royal View Apts has undergone significant interior renovation with 10 of the 16 units renovated. The building offers 14 two beds, 2 three beds, 17 garages (42 total parking) and all units have full size WD. Currently a 6.37% CAP, there remains significant upside to finish interior renovations. Spacious floorplans, laundry rooms, fireplace, large decks, private garages and excellent proximity to the freeway make this an excellent home for residents.
    Exterior Features

    Carport Spaces 0 Exterior Wood Garage Spaces 17 Roof Tile Stories In Building 3 Style 56 - 6-9 Units Total Parking Spaces 42 Uncovered Spaces 25

    Interior Features

    Heating And Cooling BaseboardWall Unit1 Bathrooms 2.00 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Sq Ft 1380 Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Sq Ft 975 Unit3 Bathrooms 2.00 Unit3 Bedrooms 3 Unit3 Fireplaces 0 Unit3 Sq Ft 1380 Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Fireplaces 0 Unit4 Sq Ft 975 Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Fireplaces 0 Unit5 Sq Ft 975 Unit6 Bathrooms 2.00 Unit6 Bedrooms 2 Unit6 Fireplaces 0 Unit6 Sq Ft 975 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 6.37 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided Gross Adjusted Income 293755 Gross Rent Multiplier 10 Gross Scheduled Income 284928 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 5000 Leased Items None Net Operating Income 191136 New Construction YN No Other Expenses 40819 Possession Closing Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 23154 Tax Year 2018 Terms Cash Out Third Party Approval Required None Total Expenses EXP 102619 Total Expenses TEX 102619 Total Monthly Income 23745 Unit1 Monthly Rent 1750 Unit2 Monthly Rent 1345 Unit3 Monthly Rent 1895 Unit4 Monthly Rent 1250 Unit5 Monthly Rent 1295 Unit6 Monthly Rent 1595 Vacancy Rate 5 Water Sewer Garbage 33646 Zoning Jurisdiction County

    Listing information © 2018 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Homes on the Sound and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Homes on the Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-11-20T19:15:49.38.

     
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    33434 8th Ave South, Ste 103
    Federal Way WA, 98003
    Listing Courtesy of Westlake Associates, Inc..