723 S Sheridan Avenue, Tacoma, WA 98405
- $975,000
- 3,196
- SqFt
Listing courtesy of Realty One Group Turn Key. Selling Office: Windermere RE West Sound Inc..
- Sold Price
- $975,000
- List Price
- $950,000
- Status
- SOLD
- MLS#
- 2211031
- Closing Date
- May 23, 2024
- Days on Market
- 4
- Style
- 53 - Tri-plex
- Finished SqFt
- 3,196
- Area Total SqFt
- 3196
- Annual Tax Ammount
- 5664
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 2,025
- Sewer
- Sewer Connected
Property Description
Turn-Key 3 unit currently used as short-term rental, each unit has been remodeled and furnished top to bottom to provide the best possible guest experience. All units are 3 bed / 1 bath, with in unit laundry, high end kitchens and bathrooms, and extra design features unique to each unit. Over 100 total 5-star reviews, in the last 30 days over 80% occupancy, average of $2,602 income per unit not including cleaning fees, building is professionally managed and can easily be transferred to a new owner without any interruptions. All new electrical, plumbing, insulation, roof, windows, quartz counters, solid soft close cabinets, etc, no maintenance issues for a long time, corner lot for plenty of available parking.
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Additional Information
- List Date
- 2024-05-19 00:00:00
- Community
- Hilltop
- Net Operating Income
- $66,688
- Gross Adjusted Income
- $89,099
- Gross Scheduled Income
- $144,110
- Total Monthly Income
- $7,566
- Insurance Expenses
- $2,458
- Water/Sewer/Garbage Expenses
- $2,617
- Gross Rent Multiplier
- 10.46
- Total Expenses
- $22,411
- Cap Rate
- 7
- Vacancy Rate
- 38
- Total Number of Units
- 3
- Unit Name
- 723
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1923
- Roof
- Composition
- Site Features
- Deck, Fenced-Fully, Gas Available
- Electric Expenses
- 2612
- Other Expenses
- 9060
- Energy Source
- Electric, Natural Gas
- School District
- Tacoma
- Total Monthly Income
- $7,566
- Gross Scheduled Income
- $144,110
- Vacancy Rate
- 38
- Gross Adjusted Income
- $89,099
- Tax Year
- 2024
- Insurance Expense
- $2,458
- W/S/G Expenses
- $2,617
- Total Expenses
- $22,411
- Net Operating Income
- $66,688
- Gross Rent Multiplier
- 10.46
- Cap Rate
- 7
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.