701 S 7th St

    Tacoma, WA 98405
    • $2,200,000
    • STATUS: Pending
    • ON SITE: 153 days
    • ID#: 1345029
    Under Contract
    UPDATED: 27 min ago
    $2,200,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,736
      SQFT
    • $205
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1981
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Better Properties N. Proctor.

    Description

    Location, Location, Location!!! The Wright Park Court Apartments are a 16 unit apartment building situated in a Prime Tacoma location. Walking distance to Wright Park, Stadium District, Tacoma General, and Downtown Tacoma. The property consists of 2 - 8 unit buildings with 15 - 2 bed and 1 - 1 bed apt of approximately 650 sq ft each. Rents range from $650 to $900 per month. New windows and insulation in 2013. Long time family owned building. Superb long term investment prospects.

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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 2019-01-17T10:14:21.96.

    www.kimberlygartlandgroup.com/homes/86612802

    701 S 7th St Tacoma, WA 98405

    • Price: $2,200,000
    • Status: Pending
    • Updated: 27 min ago
    • ID#: 1345029
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    10,736
    SQFT
    $205
    $/SQFT
    1981
    Built
    Neighborhood:
    Tacoma
    County:
    Pierce
    Area:
    Central Tacoma
    School District:
    Tacoma
    Property Description
    Location, Location, Location!!! The Wright Park Court Apartments are a 16 unit apartment building situated in a Prime Tacoma location. Walking distance to Wright Park, Stadium District, Tacoma General, and Downtown Tacoma. The property consists of 2 - 8 unit buildings with 15 - 2 bed and 1 - 1 bed apt of approximately 650 sq ft each. Rents range from $650 to $900 per month. New windows and insulation in 2013. Long time family owned building. Superb long term investment prospects.
    Exterior Features

    Building Condition Very Good Carport Spaces 0 Exterior Wood Foundation Poured Concrete Garage Spaces 0 Lot Details AlleyCorner LotCurbsPaved StreetSidewalk Roof Composition Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 16 Uncovered Spaces 16

    Interior Features

    Floor Covering Laminate HardwoodVinylWall to Wall Carpet Heating And Cooling Wall Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 650 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 650 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 650 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 650 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 650 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 650 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities Coin Op LaundryThermal Windows Bank Owned No Cap Rate 4.00 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 132810 Gross Rent Multiplier 15 Gross Scheduled Income 139800 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1640 Leased Items None Net Operating Income 88484 New Construction YN No Other Expenses 8048 Possession ClosingSub. Tenant's Rights Power Company Tpu Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company Tpu Site Features Cable TV Tax Amount 15670 Tax Year 2017 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 42929 Total Expenses TEX 42929 Total Monthly Income 11935 Unit1 Monthly Rent 675 Unit2 Monthly Rent 900 Unit3 Monthly Rent 700 Unit4 Monthly Rent 775 Unit5 Monthly Rent 995 Unit6 Monthly Rent 825 Vacancy Rate 5 Water Company Tpu Water Sewer Garbage 17571 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 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 2019-01-17T10:14:21.96.

     
    Kimberly Gartland Group - Keller Williams Realty
    5263 Olympic Drive NW, Suite B
    Gig Harbor WA, 98335
    Listing Courtesy of Better Properties N. Proctor.