4314 South Cedar Street, Tacoma, WA 98409

$520,000
2,100
SqFt

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Listing courtesy of 5 Star Real Estate Services. Selling Office: Safegate Real Estate.

Sold Price
$520,000
List Price
$530,000
Status
SOLD
MLS#
2196715
Closing Date
Apr 15, 2024
Days on Market
20
Style
52 - Duplex
Building Condition
Good
Finished SqFt
2,100
Area Total SqFt
2100
Annual Tax Ammount
4934
Lot Size (sq ft)
6,500
Sewer
Sewer Connected

Property Description

Spectacular investment property near the Tacoma Mall. These townhomes are situated in the heart of one of City of Tacoma’s capital improvement projects where new sewer lines and new sidewalks were installed. Both units are rented. The units are complete with W/D, dish washers, range/oven, four designated parking spots. Near shopping, city transit and more. Professionally managed and in good repair.

Additional Information

List Date
2024-03-26 00:00:00
Community
Tacoma Mall
Net Operating Income
$30,017
Gross Adjusted Income
$38,760
Gross Scheduled Income
$40,800
Total Monthly Income
$3,400
Insurance Expenses
$1,011
Water/Sewer/Garbage Expenses
$2,668
Gross Rent Multiplier
8.33
Total Expenses
$8,743
Cap Rate
6
Vacancy Rate
5
Total Number of Units
2
Unit Name
4314
Potential Terms
Cash Out, Conventional
Year Built
1984
Roof
Composition
Site Features
Deck
Electric Expenses
130
Energy Source
Electric
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$3,400
Gross Scheduled Income
$40,800
Vacancy Rate
5
Gross Adjusted Income
$38,760
Tax Year
2023
Insurance Expense
$1,011
W/S/G Expenses
$2,668
Total Expenses
$8,743
Net Operating Income
$30,017
Gross Rent Multiplier
8.33
Cap Rate
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.
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