315 N L Street, Tacoma, WA 98403
- $1,499,950
- 4,992
- SqFt
Listing courtesy of COMPASS.
- List Price
- $1,499,950
- Status
- ACTIVE
- MLS#
- 2198854
- Days on Market
- 42
- Style
- 54 - 4-Plex
- Finished SqFt
- 4,992
- Area Total SqFt
- 4992
- Annual Tax Ammount
- 9178
- Lot Size (sq ft)
- 6,500
- Sewer
- Sewer Connected
Property Description
A remarkable Four-plex opportunity featuring two 3-bed, 1-bath units & two 1-bed, 1-bath units, each adorned with covered porches, gas forced air heat, hardwood, fir floors & original charming built-ins. Two units boast updated kitchens with stainless appliances and newer cabinetry. Recent system upgrades encompass a new water supply line, all new supply plumbing, a new sewer line, and 2 new 80-gallon water heaters. Additionally, the property includes a 5-bay garage off the alley, a fully fenced back yard, and an unfinished basement with shared laundry, open storage, and 4 individual storage units. Significant upside potential by renting the garages. Conveniently located for easy access to new light rail, Wright Park, and the medical center
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Additional Information
- List Date
- 2024-03-24 22:54:12
- Community
- Stadium District
- Net Operating Income
- $75,120
- Gross Adjusted Income
- $75,120
- Gross Scheduled Income
- $89,520
- Insurance Expenses
- $3,147
- Water/Sewer/Garbage Expenses
- $4,968
- Gross Rent Multiplier
- 19.9
- Total Expenses
- $23,954
- Cap Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 315
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1910
- Roof
- Composition, Metal
- Site Features
- Cable TV, Fenced-Partially, Gas Available, High Speed Internet
- Electric Expenses
- 1920
- Other Expenses
- 2040
- Energy Source
- Electric, Natural Gas
- School District
- Tacoma
- Gross Scheduled Income
- $89,520
- Gross Adjusted Income
- $75,120
- Tax Year
- 2023
- Insurance Expense
- $3,147
- W/S/G Expenses
- $4,968
- Total Expenses
- $23,954
- Net Operating Income
- $75,120
- Gross Rent Multiplier
- 19.9
- Cap Rate
- 5
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