1214 S 8th St, Tacoma, WA 98405

$449,000
2,240
SqFt

Listing courtesy of Up Realty, Inc..

List Price
$449,000
Status
ACTIVE
MLS#
1397988
Price Change
▼ $5,900 1550718736
Days on Market
76
Style
52 - Duplex
Building Condition
['Good']
Finished SqFt
2,240
Lot Size (sq ft)
3,500

Property Description

Amazing cash-flowing rental property in Tacoma! With a cap rate of 6% and room to raise rents, this is an investment no-brainer. Remodeled 1.5 years ago with new exterior paint, appliances, heaters, flooring, water heaters, etc. The work has already been done, just sit back and collect the checks! Walking distance to Tacoma General. Close to downtown, the Stadium district, and bustling 6th Ave.

Additional Information

List Date
2019-01-05 00:00:00
Community
Tacoma
Property Type
MULT
Units
2
Stories
2
Potential Terms
Conventional, FHA, VA
Year Built
1910
Total Parking
2
Exterior
See Remarks
Roof
Composition
Lot Details
Curbs, Paved Street, Sidewalk
School District
Tacoma
Total Monthly Income
$2,660
Gross Scheduled Income
$31,920
Gross Adjusted Income
$31,920
Annual Taxes
$3,089
Tax Year
2018
Insurance Expense
$924
W/S/G Expenses
$1,776
Total Expenses
$2,700
Net Operating Income
$29,220
Gross Rent Multiplier
15
Cap Rate
6

Room Dimensions

Unit 1 Beds
4
Unit 1 Baths
1.00
Unit 1 Size
1120
Unit 1 Rent
$1,340
Unit 2 Beds
4
Unit 2 Baths
1.75
Unit 2 Size
1120
Unit 2 Rent
$1,320
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks