420 N 4th street, Tacoma, WA 98403

$1,925,000

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

Sold Price
$1,925,000
List Price
$2,200,000
Status
SOLD
MLS#
1493456
Closing Date
Dec 20, 2019
Days on Market
17
Style
55 - 5-9 Units
Annual Tax Ammount
15394
Lot Size (sq ft)
10,640
Sewer
Available

Property Description

The Weyerhaeuser Mansion consists of 6 high-end units containing top-of-the-line finishes, water views, and nearly non-existent vacancies. This investment opportunity offers a unique combination of both excellent quality and prime location.

Additional Information

List Date
2019-12-03 00:00:00
Community
Stadium District
Net Operating Income
$75,809
Gross Adjusted Income
$119,373
Gross Scheduled Income
$119,340
Total Monthly Income
$10,445
Insurance Expenses
$3,500
Water/Sewer/Garbage Expenses
$13,578
Gross Rent Multiplier
18
Total Expenses
$43,564
Cap Rate
3.4
Vacancy Rate
5
Total Number of Units
6
Unit Name
420
Potential Terms
Conventional
Year Built
1925
Roof
Built-Up
Other Expenses
11092
School District
Tacoma
Total Monthly Income
$10,445
Gross Scheduled Income
$119,340
Vacancy Rate
5
Gross Adjusted Income
$119,373
Tax Year
2019
Insurance Expense
$3,500
W/S/G Expenses
$13,578
Total Expenses
$43,564
Net Operating Income
$75,809
Gross Rent Multiplier
18
Cap Rate
3.4
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