214 131st Street S Unit #1-5, Tacoma, WA 98444
- $1,050,000
- 5,635
- SqFt
Listing courtesy of Keller Williams Rty Tacoma. Selling Office: Skyline Properties, Inc..
- Sold Price
- $1,050,000
- List Price
- $1,200,000
- Status
- SOLD
- MLS#
- 2193375
- Closing Date
- Apr 16, 2024
- Days on Market
- 225
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,635
- Area Total SqFt
- 5635
- Annual Tax Ammount
- 9471
- Lot Size (sq ft)
- 21,733
- Sewer
- Sewer Connected
Property Description
This 5 Unit is a great investment opportunity! The rent increase notice to $1,800 per month has been given to all tenants effective April 1st. In an ideal setting, just off Pacific Ave, on a dead-end street & tucked back from the road. Beautiful setting with a bubbling creek that flows through the property. Granite counters and a forever tile roof. NEW double panel vinyl windows and a whole lot to offer tenants. Each unit has 2 bedrooms and 1.5 bath + Laundry IN-UNIT !! GREAT LOCATION with Convenient freeway access, near schools, shopping, bus line, Pacific Lutheran University, Brookdale Golf Course. Owner will carry the contract at 4% interest, with $330K down, 30 amortization, with a 5 year call. This property has so much potential!
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Additional Information
- List Date
- 2023-09-04 00:00:00
- Community
- Parkland
- Net Operating Income
- $87,670
- Gross Adjusted Income
- $106,920
- Gross Scheduled Income
- $108,000
- Total Monthly Income
- $9,000
- Insurance Expenses
- $3,100
- Water/Sewer/Garbage Expenses
- $6,680
- Gross Rent Multiplier
- 11.11
- Total Expenses
- $19,251
- Cap Rate
- 7.31
- Vacancy Rate
- 1
- Total Number of Units
- 5
- Unit Name
- 214
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1984
- Roof
- Tile
- Site Features
- Patio
- Energy Source
- Electric
- School District
- Franklin Pierce
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $9,000
- Gross Scheduled Income
- $108,000
- Vacancy Rate
- 1
- Gross Adjusted Income
- $106,920
- Tax Year
- 2023
- Insurance Expense
- $3,100
- W/S/G Expenses
- $6,680
- Total Expenses
- $19,251
- Net Operating Income
- $87,670
- Gross Rent Multiplier
- 11.11
- Cap Rate
- 7.31
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.