817 S 11th Street, Tacoma, WA 98405
- $614,000
- 2,880
- SqFt
Listing courtesy of Compass Washington. Selling Office: John L. Scott, Inc..
- Sold Price
- $614,000
- List Price
- $650,000
- Status
- SOLD
- MLS#
- 1503403
- Closing Date
- Feb 12, 2020
- Days on Market
- 120
- Style
- 55 - 5-9 Units
- Finished SqFt
- 2,880
- Area Total SqFt
- 2880
- Annual Tax Ammount
- 4929
- Lot Size (sq ft)
- 4,500
- Sewer
- Sewer Connected
Property Description
This is the investment property that you have been looking for! Close to Downtown Tacoma and future light rail station. This 5 unit building has been professional managed, well maintained and still has room for value adds to create additional income! The unfinished basement has a ton of potential. Major stuff is taken care of so you can walk into a cash flowing building with confidence. Newer roof w/20 year warranty. Exterior recently painted. Don't miss this one!
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Additional Information
- List Date
- 2019-10-15 00:00:00
- Community
- New Tacoma
- Net Operating Income
- $42,722
- Gross Adjusted Income
- $53,880
- Gross Scheduled Income
- $52,380
- Total Monthly Income
- $4,490
- Insurance Expenses
- $1,229
- Water/Sewer/Garbage Expenses
- $4,600
- Gross Rent Multiplier
- 12
- Total Expenses
- $11,158
- Cap Rate
- 6.5
- Vacancy Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 817
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1900
- Roof
- Flat
- Site Features
- Gated Entry
- Electric Expenses
- 400
- School District
- Tacoma
- Total Monthly Income
- $4,490
- Gross Scheduled Income
- $52,380
- Vacancy Rate
- 5
- Gross Adjusted Income
- $53,880
- Tax Year
- 2019
- Insurance Expense
- $1,229
- W/S/G Expenses
- $4,600
- Total Expenses
- $11,158
- Net Operating Income
- $42,722
- Gross Rent Multiplier
- 12
- Cap Rate
- 6.5
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