409 N Yakima Avenue, Tacoma, WA 98403

$949,950
2,910
SqFt

Listing courtesy of Realty One Group Turn Key.

List Price
$949,950
Status
ACTIVE
MLS#
2219480
Days on Market
30
Style
54 - 4-Plex
Finished SqFt
2,910
Area Total SqFt
2910
Annual Tax Ammount
7713
Lot Size (sq ft)
3,250
Sewer
Sewer Connected

Property Description

Welcome to 409 N Yakima Ave, a beautifully restored Craftsman multi family property, nestled in the heart of Tacoma's coveted Stadium District. This charming home features original hardwood floors, intricate millwork & abundant natural light. Apt 1 is a 2-bed, 2-bath main floor unit, while the other three units (Apt 2-4) are all single bed, single bath. The property is fully turn key, with all 4 units occupied. Basement with shared coin op laundry & separate storage space for each tenant. Two uncovered parking spaces off the alley & 1 garage stall. Easy access to top-rated schools, local parks, trendy cafes & eclectic shops, all within walking distance. Don't miss this opportunity to own a piece of Tacoma's history in the Stadium District.

Additional Information

List Date
2024-04-05 17:12:15
Community
Stadium District
Net Operating Income
$50,076
Gross Adjusted Income
$66,989
Gross Scheduled Income
$69,780
Total Monthly Income
$5,815
Insurance Expenses
$2,400
Water/Sewer/Garbage Expenses
$5,400
Gross Rent Multiplier
13.61
Total Expenses
$16,913
Cap Rate
5.25
Vacancy Rate
4
Total Number of Units
4
Unit Name
409
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1903
View
Bay, City, Partial
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially
Electric Expenses
1400
Energy Source
Electric
School District
Tacoma
Total Monthly Income
$5,815
Gross Scheduled Income
$69,780
Vacancy Rate
4
Gross Adjusted Income
$66,989
Tax Year
2024
Insurance Expense
$2,400
W/S/G Expenses
$5,400
Total Expenses
$16,913
Net Operating Income
$50,076
Gross Rent Multiplier
13.61
Cap Rate
5.25
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