1122 Lafayette Street S Unit #1-4, Tacoma, WA 98444

$620,000
2,546
SqFt

Listing courtesy of Keller Williams Seattle Metro. Selling Office: eXp Realty.

Sold Price
$620,000
List Price
$599,900
Status
SOLD
MLS#
1955357
Closing Date
Sep 12, 2022
Days on Market
15
Style
54 - 4-Plex
Finished SqFt
2,546
Area Total SqFt
2546
Annual Tax Ammount
5645
Lot Size (sq ft)
7,000
Sewer
Sewer Connected
Offer Review Date
2022-07-22

Property Description

Are you looking for an investment to add to your Portfolio? You have a fantastic opportunity with this Tacoma 4-Plex! This Carefully Maintained Multi-Family has a Brand New Metal Roof with Increased 14" Pitch, New ABS Drain Lines, New Black 6mm Vapor Barrier, Well Maintained Exterior, Security Cameras, Coin-Op Laundry, and Additional Storage for each Unit. Units 3 & 4 have both been updated with Luxury Vinyl Plank Flooring and New Paint. Rents Below Market Rates and Vacancies have Never Been Long. Brand New Elementary School and PLU just steps away. Close to JBLM, and convenient Shops and Retail. Unit 4 is vacant and available for showing- appointment only. Do Not Disturb the Tenants.

Additional Information

List Date
2022-08-28 00:00:00
Community
Parkland
Net Operating Income
$26,839
Gross Adjusted Income
$38,400
Gross Scheduled Income
$38,400
Total Monthly Income
$3,200
Insurance Expenses
$1,110
Water/Sewer/Garbage Expenses
$4,218
Gross Rent Multiplier
15.62
Total Expenses
$11,561
Cap Rate
4
Vacancy Rate
2
Total Number of Units
4
Unit Name
1122
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1957
Roof
Metal
Site Features
Cable TV, Fenced-Partially, Patio
Electric Expenses
588
Energy Source
Electric
School District
Franklin Pierce
Elementary School
James Sales Elem
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$3,200
Gross Scheduled Income
$38,400
Vacancy Rate
2
Gross Adjusted Income
$38,400
Tax Year
2022
Insurance Expense
$1,110
W/S/G Expenses
$4,218
Total Expenses
$11,561
Net Operating Income
$26,839
Gross Rent Multiplier
15.62
Cap Rate
4
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