4-Plex: 6.7% Current Cap Rate / 7% @ Market. Excellent Cash-flow. Townhome-style units consisting of (2) 3bed/1.5 bath & (2) 3bed/1.75 bath, all with vaulted ceilings, skylights, fireplaces, individual washer/dryers & private fenced yards. 4800 SqFt building sits on a .25-acre lot. Interiors have all been updated; newer (2 years) roof and systems, very well-maintained property with excellent tenants in place. This is a solid, turn-key investment opportunity! For more information on this property, please see our listing.
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8 Individual condos offered for sale together by HOA (separate parcel #s). Market rents=$1250+ each/6% Cap Rate. All units are remodeled 864 SF, 2bed/1bath w/ washer/dryer, fireplace, private deck/patios overlooking a wooded greenbelt & individual 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! For more information on this property please visit our listing.
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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! For more information on this property, please see our listing.
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The Rental Housing Association of Washington filed suit on Tuesday claiming Seattle’s new cap on move-in fees for rentals is a form of rent control, which is unlawful in Washington State. The law, which passed unanimously in December, requires landlords to offer a six-month installment plan for tenants to pay off first and last month’s rent as well as a security deposit and any nonrefundable fees. It puts a cap on those fees and security deposit which can not exceed the first month’s rent.
FOURPLEX: 9% Market Cap Rate with upside potential in rents. Well maintained; same owner for 24 years; very long-term tenants (20+ years of rental history). This is a solid, turn-key investment property already producing good cash-flow! Newer vinyl windows, roof, & siding. Units are all 2bed/1bath/830SF, each with own washer/dryer and a cozy fireplace. Second floor units have private balcony. 4-car carport + 4-car open parking. High-demand rental minutes from I-5 & access to all amenities.
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DUPLEX in University Place: 7.12% Current Cap Rate. Town home-style units, each with 3 beds, 2.5 baths, individual 2-car garages & complete appliances. Solid, turn key Investment with low expense & HIGH INCOME. Quality built in 2002; Immaculately maintained. Fully occupied: one tenant in lease through 3/2018; the other is month-to-month, which makes a great option for an owner-occupant buyer. Located on quiet cul de sac on private street; lots of open space; nice & quiet backyard.
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8-Unit University Place Multifamily: 6% Cap. Quality built in 2006; two 4-plex buildings with 1244 sq.ft. town home-style units, each with 2bed/1.5bath, washer/dryer, fireplace, individual garage, and back yard with covered back patio. Solid, turn key Investment with low expense & HIGH INCOME. Immaculately maintained and fully occupied. Property sits on a .52-acre lot; plenty of parking surrounded by tall privacy hedges. Ideal location close to amenities and steps to Meadow Park Golf Course.
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9-Unit multifamily w/ a potential 9% Market Cap Rate!, 5.3% current-actual. Fully-occupied by long-term tenants. Huge upside for the investor to upgrade interiors and bring units up to market rents. New Roof and Windows in 2011. Onsite-laundry room to bring in extra income, or convert to 10th unit. Unit count consists of (8)2bed/1bths and (1)1bed/1bath w/ large living spaces and dining rms. Plenty of offstreet parking. Good location close to amenities; just a 20 minute drive to Downtown Seattle.
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