No Address
- $520,000
- 8
- BD
- 4
- BA
- Building SqFt: 3,531: Total Living SqFt: 2,571 / Garage SqFt: 960
- SqFt
- List Price
- $520,000
- Status
- Coming Soon
- Property Type
- Multifamily / 3 Units
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- Building SqFt: 3,531: Total Living SqFt: 2,571 / Garage SqFt: 960
- Lot Size
- 9,148 SqFt
Property Description
Solid, turn-key triplex. Units are all 2bed/1bath with Washer/Dryer hookups; interiors have been updated with paint/cabinets/etc and each comes with one garage space and balcony/patio. Value-add: tenants are paying below market rents; garage could potentially be converted into 4th 850SF unit. Cap Rate: 6.4%. / Market Cap Rate: 7.34% High demand rental near Fern Hill neighborhood in South Tacoma - close to everything.
Income
- Unit A Rent: $1225
- Unit B Rent: $1225
- Unit C Rent: $1295
- Gross Annual Rent: $50,000
Expense
- Tax: $4319
- Insurance: $900
- Owner-Paid Utilities: $2000 (est. annual expense)
- Total Expense: $7219
Net Operating Income:
Cap Rate:
Gross Income Multiplier:
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