1004 S 9th Street, Tacoma, WA 98405

$2,175,000
10,065
SqFt

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Listing courtesy of eXp Realty. Selling Office: Better Properties Gig Harbor.

Sold Price
$2,175,000
List Price
$2,249,999
Status
SOLD
MLS#
2063616
Closing Date
Sep 01, 2023
Days on Market
40
Style
56 - 10+ Units
Finished SqFt
10,065
Area Total SqFt
10065
Annual Tax Ammount
17853
Lot Size (sq ft)
6,500
Sewer
Sewer Connected

Property Description

Calling All Investors! South Ninth Apartments features a total of 13 units with a mix of ten 1 bed/1 bath units, two 2 bed/1 bath units, and a brand new 3 bed/1.5 bath unit. Most units have been renovated with new LVP flooring, new kitchen cabinets with quartz countertops, updated bathrooms & new interior & exterior paint. Tenants pay for W/S/G via RUBs. On-site laundry room. This is the perfect opportunity to acquire and start collecting rents at a great CAP Rate! Value add opportunity to increase rents! The building is in an excellent location near hospitals, shopping centers, restaurants, stadiums, and the future rail. Sellers looking to do a 1031 Exchange!

Additional Information

List Date
2023-07-23 00:00:00
Community
Central Tacoma
Total Monthly Income
$9,200
Total Expenses
$17,853
Total Number of Units
13
Unit Name
1004
Potential Terms
Cash Out, Conventional
Year Built
1960
View
Territorial
Roof
Flat
Site Features
Fenced-Partially
Energy Source
Electric
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$9,200
Tax Year
2022
Total Expenses
$17,853
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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