Listed by TS Property Management, Bought with Dale Walters Real Estate
NOT LISTED FOR SALE

130 166th St S Spanaway, WA 98387

-- Bed
-- Bath
11,520 Sq Ft
1.03 Acres

Last Sold December 15, 2022

Last sale price $2,050,000 $178 Per Sq Ft

19 Days on Market

Highlights

  • 1.03 Acre Lot
  • Property is near a preserve or public land
  • Wall to Wall Carpet
  • No HOA
  • Wood Siding
  • 1-Story Property

About This Home

As of December 2022

16 unit mixed use multi-family investment. Four buildings in two rectangular lots totaling over an acre. Twelve (12) two-bedroom units and four commercial units facing Pacific Ave. Well situated on the signalized corner of 166th with Starbucks and Burger King. Ideal for redevelopment with strong cash flow with room for improvements by restoring the commercial building that is currently vacant. Most of the tenants are long term.

Last Agent to Sell the Property

Brian Shin

TS Property Management License #21110 Listed on: 08/28/2022

Co-Listed By

Francie Zanuzoski

John L. Scott R.E.Tacoma North License #5079

Last Buyer's Agent

Mike Leybourne

Dale Walters Real Estate License #20110947

Dale Walters Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1989142

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,018

Year Built

  • Built in 1966

Lot Details

  • 1.03 Acre Lot
  • Property is in average condition

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 11,520 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 30 Parking Spaces
  • Open Parking

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Spanaway Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 5025001944

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,018

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1966
  • Buyer Agency Compensation: 1.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 11520
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Adjacent to Public Land, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 30
  • Open Parking: Yes
  • Total Parking Spaces: 30
  • ParkingUncoveredSpaces: 30

Utilities

  • Sewer: Septic Tank
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric
  • PowerCompany: Elmhurst
  • SewerCompany: Septic
  • WaterCompany: Spanaway Water
  • WaterSewerGarbage: 10900

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bethel

Lot Info

  • Parcel Number: 5025001944
  • Lot Size Acres: 1.0262
  • Lot Size Sq Ft: 44700
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Pierce County
  • ZoningJurisdiction: County
  • ZoningClass: Commercial,Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 8.66
  • LeasedItems: None
  • TotalMonthlyIncome: 19236

Multi Family

  • Gross Scheduled Income: 230832
  • Net Operating Income: 166996
  • Number Of Units Total: 16
  • Electric Expense: 1052
  • Insurance Expense: 7554
  • Leasable Area: 11520
  • EnergySource: Electric
  • UnitsInBuildingTotal: 16
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2022
  • Tax Annual Amount: 22018
  • AdditionalTaxIds: 5025001945

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2022 12/15/22 Sold $2,050,000 +2.6% $178 / Sq Ft
09/16/2022 09/16/22 Pending -- -- --
08/28/2022 08/28/22 For Sale $1,999,000 +26.9% $174 / Sq Ft
11/06/2020 11/06/20 Sold $1,575,000 -1.3% $137 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $1,595,000 -- $138 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1989142

Northwest Multiple Listing Service (NWMLS)