1122 Lafayette St S Unit 1-4, Tacoma, WA 98444

$402,050
2,546
SqFt

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

Sold Price
$402,050
List Price
$360,000
Status
SOLD
MLS#
1154416
Closing Date
Aug 29, 2017
Days on Market
10
Style
54 - 4-Plex
Building Condition
['Good']
Finished SqFt
2,546
Lot Size (sq ft)
7,000

Property Description

4-Plex: 8% current cap rate, 9.5% at market rents. Meticulously maintained by current owner for 20 years; fully-occupied with quality tenants; plenty of upside in rents. Fresh exterior paint, newer roof, water heaters, coin-op washer/dryer (brings add’l income), crawlspace barrier, windows & water line. All units 1bed/1bath; common laundry room includes unit storage spaces. Walking distance to PLU. Solid, turn-key investment property; you won't find a cleaner 4-plex on the market for this price!

Additional Information

List Date
2017-07-03 00:00:00
Community
Parkland
Property Type
MULT
Units
4
Stories
1
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
1957
Total Parking
8
Uncovered Parking
8
Exterior
Wood
Roof
Torch Down
Site Features
Cable TV
Lot Details
Corner Lot
School District
Franklin Pierce
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$3,045
Gross Scheduled Income
$42,240
Gross Adjusted Income
$42,240
Annual Taxes
$3,782
Tax Year
2017
Insurance Expense
$800
W/S/G Expenses
$2,292
Total Expenses
$7,306
Net Operating Income
$34,934
Gross Rent Multiplier
8
Cap Rate
9

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
600
Unit 1 Rent
$650
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
600
Unit 2 Rent
$825
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
600
Unit 3 Rent
$650
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
600
Unit 4 Rent
$800
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

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