3116 -3118 N 8th Street, Tacoma, WA 98406

$445,000
2,338
SqFt

Listing courtesy of Lake & Company. Selling Office: MacGregor & Forbes LLC.

Sold Price
$445,000
List Price
$419,900
Status
SOLD
MLS#
1275790
Closing Date
Jul 10, 2018
Days on Market
13
Style
52 - Duplex
Building Condition
Average
Finished SqFt
2,338
Area Total SqFt
2338
Annual Tax Ammount
4740
Lot Size (sq ft)
6,000
Sewer
Sewer Connected
Offer Review Date
2018-04-25

Property Description

Great investment opportunity for this charming North Tacoma duplex with grandfathered-in 3rd unit three blocks from UPS. Each separately metered (gas/elec) unit features a washer/dryer and all appliances are included. Current tenants want to stay and are on m2m leases. 1 unit on each floor of the main house, plus a detached updated third unit off the alley with 2 uncovered off street parking spaces, all sharing a fenced yard with space for gardening. Walkscore 80 in this incredible location!

Additional Information

List Date
2018-06-27 00:00:00
Community
Ups
Net Operating Income
$16,418
Gross Adjusted Income
$28,200
Gross Scheduled Income
$28,200
Total Monthly Income
$2,350
Insurance Expenses
$1,312
Water/Sewer/Garbage Expenses
$3,480
Gross Rent Multiplier
15
Total Expenses
$11,782
Cap Rate
3.91
Total Number of Units
3
Unit Name
3116 -3118
Potential Terms
Cash Out, Conventional
Year Built
1906
View
Territorial
Roof
Composition
Site Features
Fenced-Fully, Fenced-Partially, Gas Available
Other Expenses
2250
School District
Tacoma
Total Monthly Income
$2,350
Gross Scheduled Income
$28,200
Gross Adjusted Income
$28,200
Tax Year
2017
Insurance Expense
$1,312
W/S/G Expenses
$3,480
Total Expenses
$11,782
Net Operating Income
$16,418
Gross Rent Multiplier
15
Cap Rate
3.91
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