8322 S Park Avenue, Tacoma, WA 98408
- $1,100,000
- 5,376
- SqFt
Listing courtesy of John L. Scott Des Moines. Selling Office: John L. Scott, Inc..
- Sold Price
- $1,100,000
- List Price
- $1,295,000
- Status
- SOLD
- MLS#
- 2040731
- Closing Date
- Nov 15, 2023
- Days on Market
- 153
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 5,376
- Area Total SqFt
- 5376
- Annual Tax Ammount
- 7555
- Lot Size (sq ft)
- 6,000
- Sewer
- Sewer Connected
Property Description
Wonderful investment opportunity in south Tacoma, fully occupied 8-unit apartment complex offers future owner potential rental upside. This 1992 (effective year) building consists of four 2Br/1Ba, and four 1Br/1Ba units, features newer deck, assigned parking space for each unit, and coin-op washer/dryer. Spacious building boasts an impressive 5,376 of rentable square feet, and annual net income over $53,000. Not to be missed.
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Additional Information
- List Date
- 2023-06-15 00:00:00
- Community
- South Tacoma
- Net Operating Income
- $53,026
- Gross Adjusted Income
- $77,000
- Gross Scheduled Income
- $79,380
- Total Monthly Income
- $6,780
- Insurance Expenses
- $4,554
- Water/Sewer/Garbage Expenses
- $10,800
- Gross Rent Multiplier
- 16
- Total Expenses
- $26,354
- Cap Rate
- 4.09
- Vacancy Rate
- 3
- Total Number of Units
- 8
- Unit Name
- 8322
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1926
- View
- Territorial
- Roof
- Flat
- Site Features
- Deck
- Other Expenses
- 3445
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Fern Hill
- Middle School
- Baker
- High School
- Mt Tahoma
- Total Monthly Income
- $6,780
- Gross Scheduled Income
- $79,380
- Vacancy Rate
- 3
- Gross Adjusted Income
- $77,000
- Tax Year
- 2021
- Insurance Expense
- $4,554
- W/S/G Expenses
- $10,800
- Total Expenses
- $26,354
- Net Operating Income
- $53,026
- Gross Rent Multiplier
- 16
- Cap Rate
- 4.09
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.