1913 1921 N Oakes St, Tacoma, WA 98406

$1,350,000
6,912
SqFt

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

Sold Price
$1,350,000
List Price
$1,400,000
Status
SOLD
MLS#
1156239
Closing Date
Sep 26, 2017
Days on Market
47
Style
55 - 5-9 Units
Building Condition
['Good']
Finished SqFt
6,912
Lot Size (sq ft)
22,000

Property Description

Entire complex consisting of 8 Individual condos (separate parcel#s) sold together. Market rents = $1250 each = 6% Cap Rate. All units are remodeled 864 SF, 2bed/1bath w/ wash/dryer, fireplace, private deck/patios overlooking a wooded greenbelt & covered parking. Located in the vibrant & desirable North Tacoma neighborhood w/ easy access to 6th Ave district, Ruston, Old Town waterfront, downtown renaissance & close to UPS & UW Tacoma. This solid investment property presents a rare opportunity!

Additional Information

List Date
2017-07-13 00:00:00
Community
North Tacoma
Property Type
MULT
Units
8
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1980
Total Parking
12
Uncovered Parking
4
View
See Remarks
Exterior
Wood, Wood Products
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, Patio
Lot Details
Curbs, Paved Street, Sidewalk
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$10,000
Gross Scheduled Income
$120,000
Vacancy Rate
3
Gross Adjusted Income
$111,600
Annual Taxes
$9,544
Tax Year
2017
Insurance Expense
$2,500
W/S/G Expenses
$7,600
Total Expenses
$27,636
Net Operating Income
$83,964
Gross Rent Multiplier
11
Cap Rate
6

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
864
Unit 1 Rent
$1,250
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
864
Unit 2 Rent
$1,250
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
864
Unit 3 Rent
$1,250
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
864
Unit 4 Rent
$1,250
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
864
Unit 5 Rent
$1,250
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
864
Unit 6 Rent
$1,250
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