6734 6738 S Madison Street, Tacoma, WA 98409
- $1,100,000
- 5,408
- SqFt
Listing courtesy of Best Choice Realty LLC. Selling Office: Sterling Johnston Real Estate.
- Sold Price
- $1,100,000
- List Price
- $1,130,000
- Status
- SOLD
- MLS#
- 1571600
- Closing Date
- Jul 17, 2020
- Days on Market
- 99
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 5,408
- Area Total SqFt
- 5408
- Annual Tax Ammount
- 12763
- Lot Size (sq ft)
- 12,000
- Sewer
- Sewer Connected
Property Description
Two, well maintained and fully leased side by side duplexes built in 2016. Spacious 3 bedroom / 1.5 bathroom units over 1350 square feet in size. Each comes with granite countertops, stainless steel refrigerator, range and undermount sink. Buildings have attached one car garages for each tenant, covered patio's and crawl space foundations. Tenants pay all utilities. Excellent access to I-5, schools and retail. Structure square footage per building plans. Two parcels: 9260000823, 9260000824.
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Additional Information
- List Date
- 2020-04-09 00:00:00
- Community
- Manitou
- Net Operating Income
- $59,207
- Gross Adjusted Income
- $80,200
- Gross Scheduled Income
- $82,500
- Total Monthly Income
- $6,875
- Insurance Expenses
- $2,030
- Gross Rent Multiplier
- 13
- Total Expenses
- $20,993
- Cap Rate
- 5.2
- Vacancy Rate
- 4
- Total Number of Units
- 4
- Unit Name
- 6734 6738
- Potential Terms
- Cash Out, Conventional
- Year Built
- 2016
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet, Patio
- Other Expenses
- 6200
- School District
- Tacoma
- Elementary School
- Manitou Park
- Middle School
- Gray
- High School
- Mt Tahoma
- Total Monthly Income
- $6,875
- Gross Scheduled Income
- $82,500
- Vacancy Rate
- 4
- Gross Adjusted Income
- $80,200
- Tax Year
- 2020
- Insurance Expense
- $2,030
- Total Expenses
- $20,993
- Net Operating Income
- $59,207
- Gross Rent Multiplier
- 13
- Cap Rate
- 5.2
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