Bought with eXp Realty
$745,000
$740,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
2,915 SqFt
SOLD DATE : 08/15/2022
Key Details
Sold Price $745,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,915 sqft
Price per Sqft $255
Subdivision South Tacoma
MLS Listing ID 1944949
Sold Date 08/15/22
Style 55 - 5-9 Units
Year Built 1911
Annual Tax Amount $6,061
Lot Size 3,750 Sqft
Property Description
Well performing 5 plex investment opportunity in the heart Tacoma. This 5-unit building offers a 6.1% cap rate on current operating income with below market rents. All tenants are M2M. This building was fully remodeled in 2015. In 2019, the entire external plumbing pipes were re-lined all the way to the city sewer ($25,000). Detached storage and complimentary common laundry could be monetized for additional income.
Location
State WA
County Pierce
Area 51 - South Tacoma
Interior
Fireplace No
Exterior
Exterior Feature Wood Products
Utilities Available Sewer Connected, Electric
Waterfront No
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Mann
Middle Schools Stewart
High Schools Lincoln High
School District Tacoma
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.