2076 E 56th Street, Tacoma, WA 98404
- $975,000
- 4,076
- SqFt
Listing courtesy of CENTURY 21 Real Estate Center. Selling Office: COMPASS.
- Sold Price
- $975,000
- List Price
- $975,000
- Status
- SOLD
- MLS#
- 2158492
- Closing Date
- Oct 20, 2023
- Days on Market
- 6
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 4,076
- Area Total SqFt
- 4076
- Annual Tax Ammount
- 9103
- Lot Size (sq ft)
- 10,577
- Sewer
- Sewer Connected
Property Description
Newly remodeled 4 plex tucked into the back of quiet community! This turnkey investment in the hot Tacoma market. Providing an excellent opportunity with large 4 units, each with 3 bedrooms and 1.75 baths and 1,019 Sf of living space, Near Swan Creek Park and MTB Trail, Half mile to First Creek Middle School, Close to Cloverdale Park and amenities. Rents are below current market value which is approximately $1,800 plus with a potential Cap rate around 7% with rent increase. Take advantage of the strong Tacoma growth!!
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Additional Information
- List Date
- 2023-10-14 00:00:00
- Community
- Swan Creek
- Net Operating Income
- $54,747
- Gross Adjusted Income
- $71,820
- Gross Scheduled Income
- $78,400
- Total Monthly Income
- $6,450
- Insurance Expenses
- $1,650
- Water/Sewer/Garbage Expenses
- $11,000
- Gross Rent Multiplier
- 8
- Total Expenses
- $23,653
- Cap Rate
- 5.6
- Total Number of Units
- 4
- Unit Name
- 2076
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1986
- Roof
- Composition
- Site Features
- Cable TV, Deck, High Speed Internet
- Other Expenses
- 1900
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Sheridan
- Middle School
- First Creek Mid
- High School
- Lincoln High
- Total Monthly Income
- $6,450
- Gross Scheduled Income
- $78,400
- Gross Adjusted Income
- $71,820
- Tax Year
- 2023
- Insurance Expense
- $1,650
- W/S/G Expenses
- $11,000
- Total Expenses
- $23,653
- Net Operating Income
- $54,747
- Gross Rent Multiplier
- 8
- Cap Rate
- 5.6
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.