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Listing courtesy of Real Property Associates

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$749,900  (list price)
$700,000
/mo   Edit
MLS# 1584199
Multi-Family/Duplex
Built 1978
0.141 acres
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    Description:   Excellent 6% cap rate investment opportunity in the heart of Tacoma's vibrant Lincoln International District. Low maintenance, recently updated building with spacious 2 bed, 1 bath units that come fully rented with in unit washer/dryer. Accessible off-street parking and convenient location - walking distance to Lincoln High School and minutes to I-5, Downtown Tacoma, and an eclectic mix of shopping/dining locales.

    Interior

    Approx. Sq Ft: 3,500 ft²
    Energy Source: Electric
    Heating and Cooling: Baseboard

    Utilities

    Water Company: Tacoma
    Sewer: Sewer Connected

    Location

    City: Tacoma
    State: WA
    Zip Code: 98418
    Area: 50
    County: Pierce
    School District: Tacoma
    Latitude: 47.22768000
    Longitude: -122.44026000

    Building

    Year Built: 1978
    Roof: Composition
    Exterior: No
    Number of Units in Building: 4

    School

    School District: Tacoma
    Junior High: Buyer To Verify
    Elementary School: Buyer To Verify
    Senior High: Buyer To Verify

    Lot

    Lot Sq Ft: 6,125 ft²
    Lot Dimensions: 52' x 90'
    Number of Stories in Building: 2

    Site

    Community Name: Lincoln

    Rent

    Terms: Conventional

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $5,245
    Insurance Expenses: 1740
    Electrical Expenses: 0
    Heating Expenses: 0
    Other Expenses: 1800
    Total Expenses: 14065
    Tax Year: 2020
    Gross Scheduled Income: 63240
    Vacancy Rate: 3
    Gross Adjusted Income: 61342
    Total Expenses: 14065
    Net Operating Costs: 47277
    Gross Rent Multiplier: 12
    Total Monthly Income: 5270

    Unit 1

    Description Unit 1: A
    Sq Ft Unit 1: 890 ft²
    Bedrooms Unit 1: 2
    Bathrooms Unit 1: 1.00
    Range/Oven Unit 1: Y
    Refrigerator Unit 1: Y
    Dishwasher Unit 1: Y
    Washer/Dryer Unit 1: Y
    Fireplaces Unit 1: 0
    Rent Unit 1: $1,250

    Unit 2

    Description Unit 2: B
    Sq Ft Unit 2: 890 ft²
    Bedrooms Unit 2: 2
    Bathrooms Unit 2: 1.00
    Range/Oven Unit 2: Y
    Refrigerator Unit 2: Y
    Dishwasher Unit 2: Y
    Washer/Dryer Unit 2: Y
    Fireplaces Unit 2: 0
    Rent Unit 2: $1,275

    Unit 3

    Description Unit 3: C
    Sq Ft Unit 3: 890 ft²
    Bedrooms Unit 3: 2
    Bathrooms Unit 3: 1.00
    Range/Oven Unit 3: Y
    Refrigerator Unit 3: Y
    Dishwasher Unit 3: Y
    Washer/Dryer Unit 3: Y
    Fireplaces Unit 3: 0
    Rent Unit 3: $1,275

    Unit 4

    Description Unit 4: D
    Sq Ft Unit 4: 890 ft²
    Bedrooms Unit 4: 2
    Bathrooms Unit 4: 1.00
    Range/Oven Unit 4: Y
    Refrigerator Unit 4: Y
    Dishwasher Unit 4: Y
    Washer/Dryer Unit 4: Y
    Fireplaces Unit 4: 0
    Rent Unit 4: $1,250

    Unit 5

    Sq Ft Unit 5: 0 ft²
    Bedrooms Unit 5: 0
    Bathrooms Unit 5: 0.00
    Fireplaces Unit 5: 0
    Rent Unit 5: None

    Unit 6

    Sq Ft Unit 6: 0 ft²
    Bedrooms Unit 6: 0
    Bathrooms Unit 6: 0.00
    Fireplaces Unit 6: 0
    Rent Unit 6: None

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    Listing provided by NWMLS, courtesy of Real Property Associates.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.