110 112 117th Street S, Tacoma, WA 98444
- $305,000
- 2,032
- SqFt
Listing courtesy of Keller Williams Seattle Metro. Selling Office: Columbia Partners Real Estate.
- Sold Price
- $305,000
- List Price
- $295,000
- Status
- SOLD
- MLS#
- 1486741
- Closing Date
- Sep 04, 2019
- Days on Market
- 7
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,032
- Area Total SqFt
- 2032
- Annual Tax Ammount
- 2611
- Lot Size (sq ft)
- 6,900
- Sewer
- Sewer Connected
Property Description
Value-Add Opportunity Duplex. Each unit is 2bed/1bath/983 SqFt. Right unit was completely remodeled in 2017 from the studs-out; everything new. Roof and siding replaced last 3 years; newer windows, water heaters, etc. Fully fenced yard with garden space; shared laundry room in rear. Current tenants are month-to-month; property is ready to be re-positioned into market rents. Just appraised for $335,000 February 2019; This is solid investment property that just needs a little cleanup.
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Additional Information
- List Date
- 2019-08-28 00:00:00
- Community
- Parkland
- Net Operating Income
- $21,316
- Gross Adjusted Income
- $28,866
- Gross Scheduled Income
- $27,600
- Total Monthly Income
- $1,600
- Insurance Expenses
- $825
- Water/Sewer/Garbage Expenses
- $1,900
- Gross Rent Multiplier
- 10
- Total Expenses
- $5,456
- Cap Rate
- 7.23
- Vacancy Rate
- 3
- Total Number of Units
- 2
- Unit Name
- 110 112
- Potential Terms
- Cash Out, Conventional, FHA, Private Financing Available, VA Loan
- Year Built
- 1958
- View
- Territorial
- Roof
- Metal
- Electric Expenses
- 120
- School District
- Tacoma
- Total Monthly Income
- $1,600
- Gross Scheduled Income
- $27,600
- Vacancy Rate
- 3
- Gross Adjusted Income
- $28,866
- Tax Year
- 2019
- Insurance Expense
- $825
- W/S/G Expenses
- $1,900
- Total Expenses
- $5,456
- Net Operating Income
- $21,316
- Gross Rent Multiplier
- 10
- Cap Rate
- 7.23
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