3622 159th Street Ct E, Tacoma, WA 98446

$567,500
1,900
SqFt

Listing courtesy of KW Mountains to Sound Realty. Selling Office: Better Properties NW.

Sold Price
$567,500
List Price
$594,990
Status
SOLD
MLS#
2070261
Closing Date
Oct 06, 2023
Days on Market
53
Style
52 - Duplex
Building Condition
Average
Finished SqFt
1,900
Area Total SqFt
1900
Annual Tax Ammount
4727
Lot Size (sq ft)
67,518
Sewer
Septic Tank

Property Description

CASH flowing and completely remodeled duplex (2BR/1Bath each unit) just a short distance off of Canyon Road! BOTH units with good tenants paying $1900/month. Two story side by side units each with a 1 car garage and plenty of additional parking, storage and large yard. Current updates include exterior paint, roof, windows, electrical panels, flooring, water heater, quartz counters and new cabinets. Quiet dead-end road and on over an acre lot with a picturesque evergreen tree backdrop, tons of native birds and a seasonal creek. High cap rate and turn key!

Additional Information

List Date
2023-08-14 00:00:00
Community
Frederickson
Net Operating Income
$39,873
Gross Adjusted Income
$39,873
Gross Scheduled Income
$45,600
Total Monthly Income
$3,800
Insurance Expenses
$1,000
Gross Rent Multiplier
13.15
Total Expenses
$5,727
Cap Rate
6.6
Total Number of Units
2
Unit Name
3622
Potential Terms
Cash Out, Conventional
Year Built
1972
Roof
Composition
Site Features
Cable TV, Fenced-Partially, High Speed Internet, Patio, RV Parking
Energy Source
Natural Gas
School District
Bethel
Total Monthly Income
$3,800
Gross Scheduled Income
$45,600
Gross Adjusted Income
$39,873
Tax Year
2023
Insurance Expense
$1,000
Total Expenses
$5,727
Net Operating Income
$39,873
Gross Rent Multiplier
13.15
Cap Rate
6.6
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