1809 1811 99th Street E, Tacoma, WA 98445

$675,000
3,238
SqFt

Listing courtesy of Windermere Professional Prtnrs.

List Price
$675,000
Status
ACTIVE
MLS#
1846110
Days on Market
78
Style
52 - Duplex
Building Condition
Good
Finished SqFt
3,238
Area Total SqFt
3238
Lot Size (sq ft)
5,750

Property Description

Rare investment opportunity of a lifetime! Mixed use property, Legal duplex w/ADU, located in NC zoning w/ commercial frontage! All units are leased w/ long term tenants that want to stay. Turn key investment property w/ 5% cap rate, great cash flow from two occupied multifamily rental units & lower commercial unit! Upstairs unit offers Cute 1 bed + lrg Den apartment, kitchen & Stackable W&D, ADU has been completely remodeled w/ modern finishes, 2 large beds, bonus rm, 1 bath, utility rm & charming open floor plan, front commercial space is whimsical w/ newer flooring, fresh paint & décor, currently leased to a successful event venue! Low maintenance landscaping, 7 parking spaces w/ busy 50' store frontage! Don't miss this opportunity.

Additional Information

List Date
2021-09-10 17:31:09
Community
Parkland
Potential Terms
Cash Out, Conventional
Year Built
1918
Roof
Composition
Site Features
Cable TV, Fenced-Fully, High Speed Internet, Outbuildings, Patio, RV Parking
Heating/Cooling Type
Wall
Energy Source
Electric
School District
Franklin Pierce
Elementary School
Central Avenue Elem
Middle School
Morris Ford Mid
High School
Franklin-Pierce High
Total Monthly Income
$3,850
Gross Scheduled Income
$46,200
Vacancy Rate
5
Gross Adjusted Income
$43,800
Tax Year
2021
Insurance Expense
$1,900
W/S/G Expenses
$2,400
Total Expenses
$9,175
Net Operating Income
$37,025
Gross Rent Multiplier
15
Cap Rate
5
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