2056 E 56th St Unit H1-H4, Tacoma, WA 98404

$349,000

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

Sold Price
$349,000
List Price
$350,000
Status
SOLD
MLS#
1053315
Closing Date
Dec 16, 2016
Days on Market
7
Style
54 - 4-Plex
Building Condition
Average
Lot Size (sq ft)
10,856

Property Description

FOURPLEX-9.5% Cap Rate. There is room to increase rents & raise the Cap Rate to 10%! Well maintained; A solid, turn-key investment property located in a quiet and wooded cul-de-sac neighborhood adjacent to Swan Creek Park. Originally built in 1986; units are all 2 bed/1 bath, 750SF with updated interiors; upper balconies / lower patios; energy efficient double-pane windows. Plenty of off-street parking. Coin-op laundry in common area provides additional income. Sits on a nearly ¼ of an acre lot.

206.926.3701

Additional Information

List Date
2016-11-18 00:00:00
Community
Swan Creek
Property Type
MULT
Units
4
Stories
2
Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
750
Unit 1 Rent
$900
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
750
Unit 2 Rent
$900
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
750
Unit 3 Rent
$825
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
750
Unit 4 Rent
$825
Net Operating Income
$33,567
Gross Adjusted Income
$42,480
Gross Scheduled Income
$42,480
Total Monthly Income
$3,540
Insurance Expense
$1,000
W/S/G Expenses
$3,800
Total Expenses
$8,913
Gross Rent Multiplier
8
Cap Rate
9
Year Built
1986
Total Parking
8
Uncovered Parking
8
View
Territorial
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Deck, Patio
Lot Details
Dead End Street, Paved Street, Sidewalk
Annual Taxes
$4,113
Tax Year
2016
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Potential Terms
Cash Out, Conventional, FHA, VA

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