Puget Sound MultiFamily Real Estate Blog

 

 

April 3, 2017

*SOLD* Duplex in University Place, 6622 6624 46th St Ct W, University Place, WA 98466

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.  

6622-6624 UP Duplex

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Posted in Exclusive Listings
March 29, 2017

**SOLD** Another 4-Plex in Tacoma (Market) Cap Rate 9.25% / 916 75th St. E; Tacoma

FOURPLEX: 9% Market Cap Rate with upside potential in rents. Well maintained; same owner for 24 years; very long-term tenants (3-20 years of rental history). This is a solid, turn-key investment property 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.  For more information on this property >>CLICK HERE<<

Tacoma 4-Plex

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Posted in Exclusive Listings
March 15, 2017

*SOLD* 11-Unit Multifamily Apartment Building in University Place, Bridgeport Terrace

3332 Bridgeport Wy W, University Place 98466

Well-maintained 11-unit property in University Place with a market cap rate of 8.62% First time on the market, ever. Plenty of upside with rents. Steps to Whole Foods Market, short walk to new UP Town Center. Unit count consists of (9)2bed/1bth and (2)1bed/1bath. Storage/office area could be converted to 12th unit for additional income. Coin-Op W/Ds owned by seller-adds to income. Large lot w/ fenced common, quiet backyard; sits on 3 parcels. Ample parking. This is a solid, turn-key investment! 

 

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Posted in Exclusive Listings
Feb. 28, 2017

*Sold*Duplex in Tacoma, 11901-11903 28th Ave. E

DUPLEX on a .46-acre corner lot in a desirable location; new roof 2016. Each unit is 2bed/1bath with individual garage and back yard. Plenty of space for extra parking, RV parking. Super convenient commuter location, close to amenities and freeway access while still being able to enjoy a peaceful, tranquil country feel. Solid, turn-key property with plenty of upside potential (below market rents). Would also make a great owner-occupant.

Tacoma Duplex

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Posted in Exclusive Listings
Feb. 8, 2017

*SOLD* TriPlex in Seattle, 10033 Des Moines Memorial Dr. S

TRIPLEX. Two units finished & occupied; 3rd is roughed-in and ready for your finishing touch. Unit count consists of (1)1300SF 3bed/2bath, (1)Completely Remodeled 700SF 1bed/1bath, & (1)500SF unfinished studio. Great investment with tons of upside potential! Desirable location close to amenities, easy access to downtown Seattle, I5, and Boeing, etc.

 Tri-Plex Seattle

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Posted in Exclusive Listings
Feb. 2, 2017

*SOLD*Duplex in Puyallup, 8124 110th St. E

DUPLEX | 8% Cap Rate: Townhome-Style units are both 2bed/1.5bath with attached garages. Sits on a .37 Acre lot with potential to build another dwelling on it. A solid, turn-key investment property located in a quiet residential cul-de-sac neighborhood that will return great cash flow for the new owner. Recently improved with double pane vinyl windows and newer interiors.

Duplex Puyallup

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Posted in Exclusive Listings
Jan. 12, 2017

*SOLD* 1509 E 38th Street, Tacoma Fourplex

FOURPLEX: 9+% Cap Rate. Priced at $370,000

Very well maintained; updated units, exterior and systems throughout. This is solid, turn-key investment property producing excellent cash-flow! Units are all 2 bed/1 bath, 750SF, each with their own washer/dryer, and private balcony. Energy efficient double-pane windows throughout; plenty of off-street parking. High-demand rental just minutes from I-5 and access to all amenities.

Tacoma fourplex for sale in Tacoma

 

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Posted in Exclusive Listings
Jan. 11, 2017

*SOLD* 4022 59th Ave SW | Alki Triplex

Beach Drive/Alki-Area Triplex. Huge 2 story penthouse unit + (2) 1bed/1bath units make an ideal owner occupant+extra income property, OR rent all 3 units at market rate for an unheard of 5.7% CAP RATE in a high-end Seattle neighborhood! Steps from the water; enjoy sweeping Puget Sound and mountains views from the property. Updated systems throughout: newer roof, copper plumbing, electrical, windows, etc. Beautifully landscaped garden; large 2 car garage, wine cellar, private storage units.

http://www.soundmultifamily.com/property/1043009/

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Posted in Exclusive Listings
Dec. 30, 2016

*Sold*Duplex in Tacoma, 1214 S 8th St.

Turn of the Century Central Tacoma DUPLEX. Huge 1100sqft 4 bedroom units; market rent= $1550/each. 10% potential Cap Rate Investment, or great owner occupant. Both of the units have been recently remodeled with all new appliances. Move in ready; located along busline, near UW, and city amenities. VACANT GO AND SHOW (SOLD AS IS) Move a few walls and it would be perfect.

Tacoma Duplex

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Posted in Exclusive Listings
Dec. 20, 2016

*SOLD*Duplex in Lakewood, 8808-8806 Forest Rd. SW

Duplex with great location and consistent rental history. Well-kept units; brand new roof; Unit 8808 is freshly painted with new carpets. Each unit has a nice rambler floor plan with 2 bedrooms, 1 bath, kitchen with eating space, fireplace, laundry room, and individual garages/ fully fenced backyards. A solid, turn-key investment property. Close to military bases; steps to American Lake. Quiet neighborhood; near bus lines and amenities w/ easy access to I-5.

Lakewood Duplex

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Posted in Exclusive Listings