214 131st Street S, Tacoma, WA 98444

$500,000
6,744
SqFt

Listing courtesy of Yelm Real Estate. Selling Office: Gig Harbor Real Estate EG.

Sold Price
$500,000
List Price
$549,000
Status
SOLD
MLS#
882999
Closing Date
Aug 30, 2016
Days on Market
172
Style
55 - 5-9 Units
Building Condition
Very Good
Finished SqFt
6,744
Area Total SqFt
6744
Annual Tax Ammount
7300
Lot Size (sq ft)
21,733
Sewer
Sewer Connected

Property Description

Do not delay. This 5plex in very desirable location is being offered for first time; sale through estate. Good condition unit. Unit 5 is currently being remodeled; can be finished prior to closing. Granite countered kitchens, newer cabinets, appliances, carpet and flooring. Walk-in closets both bedrooms. Low rents. Paved parking lot, creek, large 1/2acre, close to schools and shopping. View with discretion by appt. only. Small home (rental) on abutting lot also available. Great investment.

Additional Information

List Date
2016-03-11 00:00:00
Community
Parkland
Net Operating Income
$43,800
Gross Adjusted Income
$52,800
Gross Scheduled Income
$52,800
Total Monthly Income
$52,800
Insurance Expenses
$1,699
Gross Rent Multiplier
11
Total Expenses
$9,000
Cap Rate
7.31
Total Number of Units
5
Unit Name
214
Potential Terms
Cash Out, Conventional
Year Built
1984
Waterfront
Yes
View
Mountain(s), Territorial
Roof
Tile
Site Features
Deck, High Speed Internet
School District
Franklin Pierce
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$52,800
Gross Scheduled Income
$52,800
Gross Adjusted Income
$52,800
Tax Year
2015
Insurance Expense
$1,699
Total Expenses
$9,000
Net Operating Income
$43,800
Gross Rent Multiplier
11
Cap Rate
7.31
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