9009 S Hosmer Street, Tacoma, WA 98444

$3,944,600

Listing courtesy of Kidder Mathews. Selling Office: Kidder Mathews.

Sold Price
$3,944,600
List Price
$4,500,000
Status
SOLD
MLS#
1214973
Closing Date
Jul 27, 2018
Days on Market
146
Style
56 - 10+ Units
Annual Tax Ammount
37302
Lot Size (sq ft)
7,300
Sewer
Sewer Connected

Property Description

Value-add opportunity. Update the interiors to increase rents similar to other nearby properties. Aladdin Townhomes consist of 31 townhomes and 1 flat. Appliances include range/oven, refrigerator, dishwasher, and washer & dryer. 2017 capital improvements – new double pane vinyl windows and sliding glass doors, new roofs, and exterior paint.

Additional Information

List Date
2018-03-03 00:00:00
Community
Tacoma
Net Operating Income
$247,962
Gross Adjusted Income
$430,405
Gross Scheduled Income
$453,058
Total Monthly Income
$37,754
Insurance Expenses
$7,619
Water/Sewer/Garbage Expenses
$49,702
Gross Rent Multiplier
10
Total Expenses
$182,443
Cap Rate
5.78
Vacancy Rate
5
Total Number of Units
32
Unit Name
9009
Potential Terms
Cash Out
Year Built
1972
Roof
Flat
Electric Expenses
2518
Other Expenses
82562
School District
Tacoma
Total Monthly Income
$37,754
Gross Scheduled Income
$453,058
Vacancy Rate
5
Gross Adjusted Income
$430,405
Tax Year
2017
Insurance Expense
$7,619
W/S/G Expenses
$49,702
Total Expenses
$182,443
Net Operating Income
$247,962
Gross Rent Multiplier
10
Cap Rate
5.78
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