1509 E 38th Street, Tacoma, WA 98404
- $810,000
- 3,116
- SqFt
Listing courtesy of Greater Puget Sound Realty LLC. Selling Office: TD Home Team Inc.
- Sold Price
- $810,000
- List Price
- $825,000
- Status
- SOLD
- MLS#
- 2170420
- Closing Date
- Feb 02, 2024
- Days on Market
- 41
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,116
- Area Total SqFt
- 3116
- Annual Tax Ammount
- 7140
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 9,665
- Sewer
- Available
Property Description
Incredible 4Plex turnkey investment opportunity to add to an existing portfolio or for a beginning investor to start building wealth. 1 unit left intentionally vacant to allow buyer to owner occupy and possibly take advantage of new lending guidelines. All units are very high demand 2 bed / 1 bath affordable housing with upside on rents. W/S/G paid by owner with bill back utilities paid by tenants. Roof replaced in 2022. All units have been updated within the last 5 years. Don't miss this opportunity to start or enhance your real estate portfolio.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2023-12-23 00:00:00
- Community
- East Tacoma
- Net Operating Income
- $5,810
- Gross Adjusted Income
- $5,810
- Gross Scheduled Income
- $5,810
- Total Monthly Income
- $5,807
- Insurance Expenses
- $1,408
- Water/Sewer/Garbage Expenses
- $7,200
- Gross Rent Multiplier
- 12.19
- Total Expenses
- $15,748
- Cap Rate
- 6.5
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 1509
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1980
- Roof
- Composition
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Blix Elem
- Middle School
- First Creek Mid
- High School
- Lincoln High
- Total Monthly Income
- $5,807
- Gross Scheduled Income
- $5,810
- Vacancy Rate
- 5
- Gross Adjusted Income
- $5,810
- Tax Year
- 2023
- Insurance Expense
- $1,408
- W/S/G Expenses
- $7,200
- Total Expenses
- $15,748
- Net Operating Income
- $5,810
- Gross Rent Multiplier
- 12.19
- Cap Rate
- 6.5
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.