520 S 98th Street, Tacoma, WA 98444

$340,000
3,617
SqFt

Listing courtesy of Gateway Real Estate. Selling Office: Berkshire Hathaway HS NW.

Sold Price
$340,000
List Price
$349,950
Status
SOLD
MLS#
1172525
Closing Date
Nov 13, 2017
Days on Market
47
Style
53 - Tri-plex
Building Condition
Average
Finished SqFt
3,617
Area Total SqFt
3617
Annual Tax Ammount
5138
Lot Size (sq ft)
18,295
Sewer
Sewer Connected

Property Description

Investment property with lots of character! Duplex in the front includes a 3 bedroom, 1.75 baths (rents for $1,075) and a 1 bedroom and 1 bath unit (rents for (rents for $775). Addition dwelling in the back has 1 bedroom, 1 bathroom and attached garage (rents for $800). This unit was remodeled a few years ago. Ample parking on site. Rents are currently low and have upside potential with a current cap rate of 5.5% - A solid positive investment.

Additional Information

List Date
2017-09-27 00:00:00
Community
Fern Hill
Net Operating Income
$19,300
Gross Adjusted Income
$30,210
Gross Scheduled Income
$31,800
Total Monthly Income
$2,650
Insurance Expenses
$1,200
Water/Sewer/Garbage Expenses
$2,028
Gross Rent Multiplier
11
Total Expenses
$10,910
Cap Rate
5.5
Vacancy Rate
5
Total Number of Units
6
Unit Name
520
Potential Terms
Cash Out, Conventional
Year Built
1946
Roof
Composition
Site Features
Fenced-Partially
Other Expenses
2544
School District
Franklin Pierce
Elementary School
James Sales Elem
Middle School
Perry G Keithley Mid
High School
Wash High
Total Monthly Income
$2,650
Gross Scheduled Income
$31,800
Vacancy Rate
5
Gross Adjusted Income
$30,210
Tax Year
2017
Insurance Expense
$1,200
W/S/G Expenses
$2,028
Total Expenses
$10,910
Net Operating Income
$19,300
Gross Rent Multiplier
11
Cap Rate
5.5
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