3702 E E St, Tacoma, WA 98404

$465,000
3,200
SqFt

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

Sold Price
$465,000
List Price
$425,000
Status
SOLD
MLS#
1215882
Closing Date
Jan 19, 2018
Days on Market
7
Style
54 - 4-Plex
Building Condition
['Good']
Finished SqFt
3,200
Lot Size (sq ft)
7,112

Property Description

FOURPLEX: 6% current cap rate; could easily get to 9% with market rents & utility pass-through. Well maintained; same owner for 20+ years. This is a solid, turn-key investment property, fully occupied & producing good cash-flow! 3/4 units have been remodeled with new kitchens/baths. Good roof & newer windows throughout. Onsite laundry provides additional income. Each unit is 2bed/1bath with balcony/patio. High-demand rental close to fwy access & amenities.

Additional Information

List Date
2017-11-09 00:00:00
Community
Tacoma
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
1974
Total Parking
6
Uncovered Parking
6
View
Territorial
Exterior
Wood
Roof
Flat
Site Features
Cable TV, Deck, Patio
Lot Details
Corner Lot, 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
$2,962
Gross Scheduled Income
$35,550
Gross Adjusted Income
$35,550
Annual Taxes
$4,171
Tax Year
2017
Insurance Expense
$800
W/S/G Expenses
$3,840
Total Expenses
$10,011
Net Operating Income
$25,539
Gross Rent Multiplier
12
Cap Rate
6

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
800
Unit 1 Rent
$725
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
800
Unit 2 Rent
$700
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
800
Unit 3 Rent
$750
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
800
Unit 4 Rent
$750
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