10324 16th Avenue E, Tacoma, WA 98445

$594,500
2,181
SqFt

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Listing courtesy of Yelm Windermere Real Estate. Selling Office: Hawkins Poe.

Sold Price
$594,500
List Price
$549,950
Status
SOLD
MLS#
2063440
Closing Date
Apr 10, 2024
Days on Market
268
Style
52 - Duplex
Finished SqFt
2,181
Area Total SqFt
2181
Annual Tax Ammount
5663.07
Lot Size (sq ft)
14,801
Sewer
Sewer Connected

Property Description

Fantastic duplex located on a large corner lot! Unit A has fully fenced spacious yard with a convenient storage shed, 2 bedrooms, and 1 full bath. Unit B includes a carport, newer shed, 2 bedrooms, updated 3/4 bath, an efficient wood fireplace, and plum trees. Both units currently vacant. Each unit have W/D hookups and plenty of parking (enough for an RV!). The property is situated in an excellent location, just a short distance from I5 for easy commuting to just about everywhere, and within walking distance to Ford Middle School. Don't miss out on this great investment opportunity!

Additional Information

List Date
2023-07-17 00:00:00
Community
Midland
Net Operating Income
$15,323
Gross Adjusted Income
$24,000
Gross Scheduled Income
$24,000
Total Monthly Income
$2,000
Insurance Expenses
$1,083
Water/Sewer/Garbage Expenses
$1,931
Gross Rent Multiplier
23.96
Total Expenses
$8,677
Cap Rate
2.66
Total Number of Units
2
Unit Name
10324
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1946
Roof
Composition
Site Features
Fenced-Fully, High Speed Internet, Outbuildings
Energy Source
Electric, Wood
School District
Franklin Pierce
Elementary School
Midland Elem
Middle School
Morris Ford Mid
High School
Franklin-Pierce High
Total Monthly Income
$2,000
Gross Scheduled Income
$24,000
Gross Adjusted Income
$24,000
Tax Year
2022
Insurance Expense
$1,083
W/S/G Expenses
$1,931
Total Expenses
$8,677
Net Operating Income
$15,323
Gross Rent Multiplier
23.96
Cap Rate
2.66
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.
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