1013 1015 76th St Ct E, Tacoma, WA 98404

$799,000
6,644
SqFt

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

Sold Price
$799,000
List Price
$789,000
Status
SOLD
MLS#
1379542
Closing Date
Nov 30, 2018
Days on Market
8
Style
55 - 5-9 Units
Building Condition
['Fair']
Finished SqFt
6,644
Lot Size (sq ft)
23,567

Property Description

Two adjacent 4-Plexes on separate parcels sold together. 4-plexes in the area are selling for $500-600K each. This property presents a huge value-add opportunity! (5) units are currently occupied at below-market rents (month-to-month) the rest are vacant and needing cosmetic repairs. All units are approximately 825 SqFt with 2 bedrooms /1 bath, individual washer/dryers and balconies/patios. 1015 could be financed with a conventional loan; 1013 will need to be cash or private equity.

Additional Information

List Date
2018-10-25 00:00:00
Community
Se Tacoma
Property Type
MULT
Units
8
Stories
2
Potential Terms
See Remarks
Year Built
1986
Total Parking
16
Uncovered Parking
8
Exterior
Wood
Roof
Composition
Site Features
Deck, Patio
Lot Details
Paved Street
School District
Franklin Pierce
Total Monthly Income
$2,175
Gross Scheduled Income
$100,800
Vacancy Rate
3
Gross Adjusted Income
$97,776
Annual Taxes
$10,800
Tax Year
2018
Insurance Expense
$1,800
W/S/G Expenses
$8,800
Total Expenses
$21,400
Net Operating Income
$76,376
Gross Rent Multiplier
8
Cap Rate
9

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
825
Unit 1 Rent
$525
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
825
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
825
Unit 3 Rent
$525
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
825
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
852
Unit 5 Rent
$525
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
825
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