18322 18324 Vashon Highway SW, Vashon, WA 98070
- $999,000
- 2,120
- SqFt
Listing courtesy of Windermere RE Vashon-Maury Isl.
- List Price
- $999,000
- Status
- ACTIVE
- MLS#
- 2152315
- Days on Market
- 37
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,120
- Area Total SqFt
- 2120
- Annual Tax Ammount
- 8600
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 209,088
- Sewer
- Sewer Connected
- Bank Owned
- Yes
Property Description
Exceptional Dual Living and Investment Opportunity on Vashon Island! Imagine the possibilities with this legal duplex. Live comfortably in the 2BR/1BA (1120 sq ft) unit while the 1BR/1BA (1000 sq ft) unit offsets costs. Recently updated, each with private laundry, mini split HVAC, garage and on sewer. Draft your vision for further development on almost 5 acres of level, sun-soaked romantic land—up to 3 additional builds or 4 separate parcels, as per R1 zoning. Utilities available for expansion; Additional 3 water shares option from seller at $75K. Expired CAD Report 2022. Parcel is accessible to walk or 4WD to back of property. Proximity to vibrant Vashon town, ferry, and beyond is unmatched. Craft your legacy here.
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Additional Information
- List Date
- 2023-08-17 19:52:12
- Community
- Vashon Island
- Net Operating Income
- $4,380
- Gross Scheduled Income
- $60,000
- Insurance Expenses
- $1,700
- Water/Sewer/Garbage Expenses
- $3,400
- Gross Rent Multiplier
- 1584
- Total Expenses
- $16,200
- Cap Rate
- 46
- Total Number of Units
- 2
- Unit Name
- 18322 18324
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1952
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, Gas Available
- Electric Expenses
- 2500
- Energy Source
- Electric, See Remarks
- School District
- Vashon Island
- Elementary School
- Chautauqua Elem
- Middle School
- Mcmurray Mid
- High School
- Vashon Isl High
- Gross Scheduled Income
- $60,000
- Tax Year
- 2023
- Insurance Expense
- $1,700
- W/S/G Expenses
- $3,400
- Total Expenses
- $16,200
- Net Operating Income
- $4,380
- Gross Rent Multiplier
- 1584
- Cap Rate
- 46
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