4925 Waller Road E, Tacoma, WA 98443
- $623,500
- 5,021
- SqFt
Listing courtesy of Renaissance Real Estate LLC. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $623,500
- List Price
- $799,900
- Status
- SOLD
- MLS#
- 2260862
- Closing Date
- Aug 16, 2024
- Days on Market
- 19
- Style
- 55 - 5-9 Units
- Building Condition
- Fixer
- Finished SqFt
- 5,021
- Area Total SqFt
- 5021
- Annual Tax Ammount
- 6778
- Lot Size (sq ft)
- 76,230
- Sewer
- Septic Tank
Property Description
Great value add opportunity!! This property consists of 7 rental units, plus multiple garages and storage sheds, all on just shy of 2 acres. There are two stick built houses, one stick built retail/office building, three manufactured homes and one RV included in the sale. The property has been used as a spirtual sober living program for the last 8 years. The property needs sweat equity, and is being sold "as is", but has unlimited potential. Proforma income puts the cap rate at 10.1%, or continue as group housing, or woould be great for a contractor or landscaping company. A portion of the property has been used for commercial/retail/office in the past.
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Additional Information
- List Date
- 2024-07-28 00:00:00
- Community
- Puyallup
- Net Operating Income
- $80,802
- Gross Adjusted Income
- $107,160
- Gross Scheduled Income
- $112,800
- Total Monthly Income
- $9,400
- Insurance Expenses
- $3,580
- Water/Sewer/Garbage Expenses
- $4,800
- Gross Rent Multiplier
- 7.09
- Total Expenses
- $26,358
- Cap Rate
- 10.1
- Vacancy Rate
- 5
- Total Number of Units
- 7
- Unit Name
- 4925
- Potential Terms
- Conventional
- Year Built
- 1940
- Roof
- Built-Up, Composition, Torch Down
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio, RV Parking, Shop
- Electric Expenses
- 1200
- Other Expenses
- 10000
- Energy Source
- Electric
- School District
- Puyallup
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $9,400
- Gross Scheduled Income
- $112,800
- Vacancy Rate
- 5
- Gross Adjusted Income
- $107,160
- Tax Year
- 2024
- Insurance Expense
- $3,580
- W/S/G Expenses
- $4,800
- Total Expenses
- $26,358
- Net Operating Income
- $80,802
- Gross Rent Multiplier
- 7.09
- Cap Rate
- 10.1
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.