3719 S Thompson Ave , 1-4

    Tacoma, WA 98418
    • $419,000
    • STATUS: Active
    • ON SITE: 16 days
    • ID#: 1285578
    UPDATED: 5 min ago
    $419,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,994
      SQFT
    • $140
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1916
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Sterling Johnston Real Estate.

    Description

    Cash-flowing fourplex in Tacoma! This charming renovated craftsman is quintessential PNW. Raise rents to market value and see a 8.2% cap rate, or keep as-is and enjoy the low maintenance tenants. Tacoma boasts a 2.7% vacancy rate- all 6 of the comps used for the proforma rented within days! Make the laundry room coin-op and rent the 3-car garage for additional income. Steps to a beautiful park. Zoned mixed use. Seller will provide $3,500 credit for exterior.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-20T17:16:04.793.

    www.kimberlygartlandgroup.com/homes/83215894

    3719 S Thompson Ave , 1-4 Tacoma, WA 98418

    • Price: $419,000
    • Status: Active
    • Updated: 5 min ago
    • ID#: 1285578
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    2,994
    SQFT
    $140
    $/SQFT
    1916
    Built
    Neighborhood:
    Lincoln
    County:
    Pierce
    Area:
    South Tacoma
    Elementary School:
    Whitman
    Middle School:
    Giaudrone Mid Sch
    High School:
    Lincoln
    School District:
    Tacoma
    Property Description
    Cash-flowing fourplex in Tacoma! This charming renovated craftsman is quintessential PNW. Raise rents to market value and see a 8.2% cap rate, or keep as-is and enjoy the low maintenance tenants. Tacoma boasts a 2.7% vacancy rate- all 6 of the comps used for the proforma rented within days! Make the laundry room coin-op and rent the 3-car garage for additional income. Steps to a beautiful park. Zoned mixed use. Seller will provide $3,500 credit for exterior.
    Exterior Features

    Carport Spaces 0 Exterior See Remarks Garage Spaces 3 Lot Details AlleyCurbsPaved StreetSidewalk Lot Dimensions 129X44 Roof Composition Stories In Building 2 Style 54 - 4-Plex Total Parking Spaces 3 Uncovered Spaces 0

    Interior Features

    Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 0 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 600 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 600 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 600 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 0 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 458 Unit4 Washer Dryer N Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Amenities Basement Bank Owned No Cap Rate 8.50 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided Gross Adjusted Income 44989 Gross Rent Multiplier 9 Gross Scheduled Income 46380 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 800 Leased Items None Net Operating Income 35493 New Construction YN No Other Expenses 1593 Possession ClosingSub. Tenant's Rights Septic Approved For Number Of Bedrooms 4 Sewer Sewer Connected Tax Amount 4320 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 10087 Total Expenses TEX 10087 Total Monthly Income 3450 Unit1 Monthly Rent 750 Unit2 Monthly Rent 975 Unit3 Monthly Rent 975 Unit4 Monthly Rent 750 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 3 Water Sewer Garbage 4174 Water Source Public

    Listing information © 2018 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Kimberly Gartland Group - Keller Williams Realty and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-20T17:16:04.793.

     
    Kimberly Gartland Group - Keller Williams Realty
    5263 Olympic Drive NW, Suite B
    Gig Harbor WA, 98335
    Listing Courtesy of Sterling Johnston Real Estate.