718 N 4th Street, Tacoma, WA 98403

$1,985,000
13,552
SqFt

Listing courtesy of Kidder Mathews. Selling Office: Kidder Mathews.

Sold Price
$1,985,000
List Price
$2,400,000
Status
SOLD
MLS#
718229
Closing Date
Apr 21, 2015
Days on Market
83
Style
56 - 10+ Units
Finished SqFt
13,552
Area Total SqFt
13552
Annual Tax Ammount
18231
Lot Size (sq ft)
12,632
Sewer
Sewer Connected

Property Description

19 unit building in the desirable Stadium Historic District. 19 - 1 bedroom apartments. 13 units have upgraded interiors and new appliances. 800amp electrical service, unit breaker panels, bathroom heat lamp/exhaust fans, several new appliances. All new entry doors featuring keyless lock system. Mostly double-pane windows. Common use coin-op washers/dryers are owned. 11 parking spaces, 18 storage lockers.

Additional Information

List Date
2015-01-28 00:00:00
Community
Stadium District
Net Operating Income
$124,283
Gross Adjusted Income
$190,190
Gross Scheduled Income
$196,200
Total Monthly Income
$16,350
Insurance Expenses
$3,821
Water/Sewer/Garbage Expenses
$13,995
Gross Rent Multiplier
12
Total Expenses
$65,907
Cap Rate
5.2
Vacancy Rate
6
Total Number of Units
1
Unit Name
718
Potential Terms
Cash Out
Year Built
1956
View
Territorial
Roof
Composition
Site Features
Cable TV, High Speed Internet
Other Expenses
29860
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$16,350
Gross Scheduled Income
$196,200
Vacancy Rate
6
Gross Adjusted Income
$190,190
Tax Year
2014
Insurance Expense
$3,821
W/S/G Expenses
$13,995
Total Expenses
$65,907
Net Operating Income
$124,283
Gross Rent Multiplier
12
Cap Rate
5.2
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