8602 8802 S C Street, Tacoma, WA 98444
- $2,283,999
- 18,368
- SqFt
Listing courtesy of Better Properties N. Proctor. Selling Office: Domaine Real Estate, LLC.
- Sold Price
- $2,283,999
- List Price
- $2,375,500
- Status
- SOLD
- MLS#
- 767684
- Closing Date
- Sep 24, 2015
- Days on Market
- 460
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 18,368
- Area Total SqFt
- 18368
- Annual Tax Ammount
- 25524
- Lot Size (sq ft)
- 35,249
- Sewer
- Sewer Connected
Property Description
Motivated Seller!!! For this Very Clean & Well maintained 32 unit Complex off of Pacific Avenue, Carports, Decks, Grounds and many units have been upgraded. New curbs are in and the new and improved laundry is bringing in extra money every month. Seller has been slowly raising rents last year as upgrades are completed. The Rent Roll will show very few tenants move, in this low maintenance high income complex which will make any savvy investor very happy! 24 one bedrooms and eight two bedrooms.
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Additional Information
- List Date
- 2014-06-21 00:00:00
- Community
- Tacoma
- Net Operating Income
- $161,928
- Gross Adjusted Income
- $236,607
- Gross Scheduled Income
- $249,060
- Total Monthly Income
- $20,755
- Insurance Expenses
- $6,129
- Water/Sewer/Garbage Expenses
- $27,000
- Gross Rent Multiplier
- 10
- Total Expenses
- $77,758
- Cap Rate
- 7
- Vacancy Rate
- 5
- Total Number of Units
- 32
- Unit Name
- 8602 8802
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1985
- View
- Territorial
- Roof
- Composition, Flat
- Site Features
- Cable TV, Deck, Disabled Access, Fenced-Partially, High Speed Internet, Patio, RV Parking, Sprinkler System
- Electric Expenses
- 2000
- Other Expenses
- 17186
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $20,755
- Gross Scheduled Income
- $249,060
- Vacancy Rate
- 5
- Gross Adjusted Income
- $236,607
- Tax Year
- 2014
- Insurance Expense
- $6,129
- W/S/G Expenses
- $27,000
- Total Expenses
- $77,758
- Net Operating Income
- $161,928
- Gross Rent Multiplier
- 10
- Cap Rate
- 7
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