4302 4306 S Cedar Street, Tacoma, WA 98409
- $848,500
- 4,200
- SqFt
Listing courtesy of Keller Williams Seattle Metro. Selling Office: John L. Scott, Inc..
- Sold Price
- $848,500
- List Price
- $850,000
- Status
- SOLD
- MLS#
- 2191214
- Closing Date
- Mar 18, 2024
- Days on Market
- 2
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 4,200
- Area Total SqFt
- 4200
- Annual Tax Ammount
- 8341
- Lot Size (sq ft)
- 14,625
- Sewer
- Sewer Connected
Property Description
Four Townhome Units (Two Duplexes) on one .33-acre lot. Each unit has 2 bedrooms / 1.5 bathrooms, in-unit washer & dryers, front & back yards, balcony, and 2 off-street parking spaces (8 total). All units have been updated; fresh exterior paint. One unit has been left intentionally vacant for showings and potential owner-occupant buyers. Other 3 units are month-to-month with plenty of room to increase rents to market value of ~$1,650/month. Lot size, zoning, and configuration is perfect for sub-dividing/conversion/redevelopment in the future. At $212k per townhome, this is bargain.
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Additional Information
- List Date
- 2024-03-16 00:00:00
- Community
- South Tacoma
- Net Operating Income
- $51,549
- Gross Adjusted Income
- $64,740
- Gross Scheduled Income
- $64,740
- Total Monthly Income
- $5,395
- Insurance Expenses
- $1,000
- Water/Sewer/Garbage Expenses
- $3,850
- Gross Rent Multiplier
- 13
- Total Expenses
- $13,191
- Cap Rate
- 6.1
- Total Number of Units
- 4
- Unit Name
- 4302 4306
- Potential Terms
- Cash Out, Conventional, VA Loan
- Year Built
- 1984
- Roof
- Composition
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $5,395
- Gross Scheduled Income
- $64,740
- Gross Adjusted Income
- $64,740
- Tax Year
- 2023
- Insurance Expense
- $1,000
- W/S/G Expenses
- $3,850
- Total Expenses
- $13,191
- Net Operating Income
- $51,549
- Gross Rent Multiplier
- 13
- Cap Rate
- 6.1
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.