1509 E 38th St Unit 1-4, Tacoma, WA 98404

$370,000
3,116
SqFt

Listing courtesy of Keller Williams Seattle Metro. Selling Office: .

Sold Price
$370,000
List Price
$370,000
Status
SOLD
MLS#
1053314
Closing Date
Jan 12, 2017
Days on Market
14
Style
54 - 4-Plex
Building Condition
Average
Finished SqFt
3,116
Lot Size (sq ft)
9,665

Property Description

FOURPLEX: 9+% Cap Rate. Very well maintained; updated units, exterior and systems throughout. This is solid, turn-key investment property producing excellent cash-flow! Units are all 2 bed/1 bath, 750SF, each with their own washer/dryer, and private balcony. Energy efficient double-pane windows throughout; plenty of off-street parking. High-demand rental just minutes from I-5 and access to all amenities.

Additional Information

List Date
2016-11-18 00:00:00
Community
East Tacoma
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
1980
Total Parking
6
Uncovered Parking
6
Exterior
Wood Products
Roof
Composition
Lot Details
Cul-de-sac, Dead End Street, Paved Street
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$3,845
Gross Scheduled Income
$46,140
Gross Adjusted Income
$46,140
Annual Taxes
$3,455
Tax Year
2016
Insurance Expense
$1,000
W/S/G Expenses
$4,000
Total Expenses
$8,455
Net Operating Income
$37,685
Gross Rent Multiplier
8
Cap Rate
9

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
779
Unit 1 Rent
$920
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
779
Unit 2 Rent
$975
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
779
Unit 3 Rent
$975
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
779
Unit 4 Rent
$975

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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