720 108th Street S, Tacoma, WA 98444
- $570,000
- 2,101
- SqFt
Listing courtesy of Icon Group. Selling Office: Icon Group.
- Sold Price
- $570,000
- List Price
- $645,000
- Status
- SOLD
- MLS#
- 2207841
- Closing Date
- Mar 13, 2025
- Days on Market
- 179
- Style
- 55 - 5-9 Units
- Finished SqFt
- 2,101
- Area Total SqFt
- 2101
- Annual Tax Ammount
- 5778
- Lot Size (sq ft)
- 9,000
- Sewer
- Sewer Connected
Property Description
Add to your investment portfolio today! 6.3% cap rate!! First time on the market 5-plex. Each unit has 1 bedroom, 1 bathroom kitchen & living space. All units fully rented out w/ low turnover rate. 5 new electrical subpanels upgraded in 2023. Unit #5 has new heater, upgraded wiring & new stove. Upgraded plumbing w/ clean out access. Owner pays electric on units 3, 4, 5. Brand New water heater installed in shared laundry room in 2024. Common area maintenance included in rent. Outside city limits of Tacoma, only county & state rental rules apply. Onsite property manager. Buyer to verify all info. Great location! Close to PLU, JBLM, restaurants, shopping & bus line.
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Additional Information
- List Date
- 2024-09-15 00:00:00
- Community
- Tacoma
- Net Operating Income
- $34,695
- Gross Adjusted Income
- $55,020
- Gross Scheduled Income
- $55,020
- Total Monthly Income
- $4,585
- Insurance Expenses
- $3,704
- Water/Sewer/Garbage Expenses
- $7,413
- Gross Rent Multiplier
- 12.7
- Total Expenses
- $20,325
- Cap Rate
- 6.3
- Total Number of Units
- 5
- Unit Name
- 720
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1965
- Roof
- Built-Up, Flat
- Site Features
- Fenced-Partially
- Electric Expenses
- 2193
- Other Expenses
- 1237
- 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
- $4,585
- Gross Scheduled Income
- $55,020
- Gross Adjusted Income
- $55,020
- Tax Year
- 2023
- Insurance Expense
- $3,704
- W/S/G Expenses
- $7,413
- Total Expenses
- $20,325
- Net Operating Income
- $34,695
- Gross Rent Multiplier
- 12.7
- Cap Rate
- 6.3
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.