Puget Sound MultiFamily Real Estate Blog

*SOLD*

Solid, turn-key duplex. Units are 2bed/1bath with Washer/Dryer hookups; interiors are very clean with newer flooring throughout and each unit comes with one-car garage and patio. Very well maintained; quality built in 1986. Value-add: tenants are paying well-below market rents. Market Cap Rate: 7%. Tacoma is booming with some of the highest rent growth in the country! High demand rental near Fern Hill neighborhood in South Tacoma - close to everything.

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*SOLD*

Solid, turn-key triplex. Units are all 2bed/1bath with Washer/Dryer hookups; interiors have been updated with paint/cabinets/etc and each comes with one garage space and balcony/patio. Value-add: tenants are paying below market rents; garage could potentially be converted into 4th 850SF unit. Cap Rate: 6.4%. High demand rental near Fern Hill neighborhood in South Tacoma - close to everything.

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Solid, turn-key triplex. Units are all 2bed/1bath with Washer/Dryer hookups; interiors have been updated with paint/cabinets/etc and each comes with one garage space and balcony/patio. Value-add: tenants are paying below market rents; garage could potentially be converted into 4th 850SF unit. Cap Rate: 6.4%. / Market Cap Rate: 7.34% High demand rental near Fern Hill neighborhood in South Tacoma - close to everything.

115 E 96th St, Tacoma

Price: $500,000

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*SOLD*

Beautiful, Serene & Rare Find in Maple Leaf. 4BD/1.75BA Glowing Hardwoods on Main Level w/Large Living Area. Big Picture Window Looking out to Entertainment Deck Overlooking Thornton Creek. Kitchen w/New Quartz Counters, Eating Area & Separate Dining Room. New Flooring in Kitchen & Bath. Lower Level Offers New Carpet, 3rd & 4th BRs, Lots of Storage & Workshop Spaces. Large 1-car Garage as well as Off-Street Parking. High Walk Score. Close to I-5, Grocery, Shopping, Community Center & More. Sound Realty Group worked with these owner-occupied investors to secure this single family house with ADU potential. THe buyers plan to convert the basement level with separate entrance into 2 bedroom ADU (Accessory Dwelling Unit) which has rental projections of $1950 meaning tenants will pay over 50% of this buyer's mortgae... this is "House Hacking at it's finest!

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**SOLD**

7-Unit assemblage consisting of (2)triplexes on one parcel & (1)single family home on adjacent parcel. New owner can expect 17% ROI in 1st year of ownership; 8% Cap Rate based on actual financials. Triplexes have (6)1bed/1bath units; House is 3bed/1bath 1100SqFt w/ detached 2car garage. Shared coin-op laundry generates extra income; tenants pay all utilities. Total lot area=15,876 making this a great candidate for future development. High demand rental; close to downtown Auburn & Sounder station

• 118-202 D St SW, Auburn
• Price: $1,050,000

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*SOLD*

Solid duplex near downtown Everett & in an Opportunity Zone, zoned R5. Main unit features recent studs-out remodel w/ new electrical, plumbing, kitchen, bath, siding, roof & deck w/ partial mountain views. Also has over 400 sq ft of "storage" that could possibly convert into another unit or room. Back unit also has recent roof, siding & deck upgrades & is fenced w/ 3 parking spots. Walking distance to Transit center & future light rail station. 0% vacancy w/ long term tenants below market rent.

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*SOLD* 

Split-Level Duplex located at the end of a quiet private road. 7.25% Cap Rate. Each unit is 3bed/2bath w/ individual fenced yards. Recent upgrades include a brand-new roof, electrical panel, carpet, interior/exterior paint, garage doors, heaters, water heater, and more. Solid, turn-key property with low expense & HIGH-INCOME POTENTIAL. Quality built in 1984; well maintained. Tenants in upper unit are month-to-month, lower unit is now vacant, which makes a great option for an owner-occupant buyer

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110-112 117th St. S, Tacoma

Value-Add Opportunity Duplex. Each unit is 2bed/1bath/983 SqFt. Right unit was completely remodeled in 2017 from the studs-out; everything new. Roof and siding replaced last 3 years; newer windows, water heaters, etc. Fully fenced yard with garden space; shared laundry room in rear. Current tenants are month-to-month; property is ready to be re-positioned into market rents. Just appraised for $335,000 February 2019; This is solid investment property that just needs a little cleanup.

View on website: https://www.soundmultifamily.com/property/1486741/

*SOLD* 

4-Unit Property (TRIPLEX + HOUSE) on a .25 Acre Lot. 7.25% Market Cap Rate. HOUSE is 1200 Sqft 3bed/1.75bath and has been COMPLETELY REMODELED from the studs-out including NEW PLUMBING and ELECTRICAL. TRIPLEX is 1094 SqFt with updated interiors. This is a solid, turn-key property with upside potential in rents. Fully-occupied with good tenants. Great location; high demand rental.

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*SOLD*

Prime investment opportunity in Greenlake neighborhood surrounded by new construction & development. Featuring recent major improvements including new roof, gutters, windows, water heaters, fencing & paint. No deferred maintenance inside & out make for a low maintenance investment! Fully occupied w/ stable tenants, coin-op laundry. Lots of parking(& opportunity to rent extra spots). Units have access to yard. Proximity to bus lines, highly rated school & Greenlake make an ideal buy & hold.

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