This property is 3 different lots. There is a tri-plex with 3 rental units, with rents of $4625 per mo. There is a home behind the tri-plex which rents for $1750 per mo. and another home behind that home that rents for $1950. in addition, there is a vacant lotto the East that is approx. 100 ft. and 40 feet in Center Street. There is a gross scheduled rental income of $99,900 at current rents which are low. The expenses of taxes @ $4260, sewer is $12,000 per year, and insurance of $3461. Tenant pays for their own water and electrical. Property is currently managed for the absentee owner. if you manage yourself, it can be a great investment with good cash flow. (9% cap rate at present.) Contract available.
Elementary School |
Stanley |
High School |
Foss |
Prior to May 20, '25
|
$875,000
|
May 20, '25 - Today |
$849,950 |
AIR |
None |
AREA |
26 - Central Tacoma |
CONSTRUCTION |
Wood Siding |
HEAT |
Baseboard, Electric |
LOT |
10001 sq ft |
MLS STATUS |
Active |
PARKING |
None |
STORIES |
2 |
STYLE |
12 - 2 Story |
SUBDIVISION |
Central Tacoma |
TAXES |
4260 |
UTILITIES |
Sewer Connected |
WATER |
Public |
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