621-623 S Sprague , 1-4

    Tacoma, WA 98405
    • $850,000
    • STATUS: Pending
    • ON SITE: 27 days
    • ID#: 1558720
    Under Contract
    UPDATED: 71 min ago
    $850,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,542
      SQFT
    • $240
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1904
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of John L. Scott, Inc..

    Description

    Fully remodeled, turn key, cash flowing 4-plex with a rare to find 7% cap rate! 0% Vacancy! Excellent location with easy access to Hwy 16, I-5, Downtown Tacoma and Historic Tacoma. Close to retail shops, restaurants and schools. New exterior paint. All units were renovated in 2018, with new floors, kitchens, bathrooms and more. All appliances are new. Over $150k in upgrades for this building. Stand alone storage unit with coin-op laundry that brings extra $100 a month. Don't wait!

    Monthly Payment Calculator



    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 The Kendra Todd Group at Keller Williams are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-02-25T13:15:17.097.

    www.thekendratoddgroup.com/homes/102655123

    621-623 S Sprague , 1-4 Tacoma, WA 98405

    • Price: $850,000
    • Status: Pending
    • Updated: 71 min ago
    • ID#: 1558720
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    3,542
    SQFT
    $240
    $/SQFT
    1904
    Built
    Neighborhood:
    Central Tacoma
    County:
    Pierce
    Area:
    Central Tacoma
    School District:
    Tacoma
    Property Description
    Fully remodeled, turn key, cash flowing 4-plex with a rare to find 7% cap rate! 0% Vacancy! Excellent location with easy access to Hwy 16, I-5, Downtown Tacoma and Historic Tacoma. Close to retail shops, restaurants and schools. New exterior paint. All units were renovated in 2018, with new floors, kitchens, bathrooms and more. All appliances are new. Over $150k in upgrades for this building. Stand alone storage unit with coin-op laundry that brings extra $100 a month. Don't wait!
    Exterior Features

    Carport Spaces 0 Exterior Wood Foundation Poured Concrete Garage Spaces 0 Lot Details Corner LotSidewalk Roof Composition Stories In Building 2 Style 54 - 4-Plex Total Parking Spaces 4 Uncovered Spaces 4 View Territorial

    Interior Features

    Floor Covering Laminate HardwoodVinylWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 780 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 720 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 780 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 3 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 1224 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 Coin Op Laundry Bank Owned No Cap Rate 7.10 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided Gross Adjusted Income 71820 Gross Rent Multiplier 12 Gross Scheduled Income 71820 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1200 Leased Items Washer/Dryer Net Operating Income 60577 New Construction YN No Other Expenses 0 Possession Sub. Tenant's Rights Power Company Tpu Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company Tpu Site Features Fenced-Partially Tax Amount 5043 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 11243 Total Expenses TEX 11243 Total Monthly Income 5985 Unit1 Monthly Rent 1395 Unit2 Monthly Rent 1490 Unit3 Monthly Rent 1350 Unit4 Monthly Rent 1650 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 0 Water Company Tpu Water Sewer Garbage 5000

    Listing information © 2020 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 The Kendra Todd Group at Keller Williams 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 The Kendra Todd Group at Keller Williams are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-02-25T13:15:17.097.

     
    The Kendra Todd Group at Keller Williams
    1307 N. 45th Street Suite 300
    Seattle WA, 98103
    Listing Courtesy of John L. Scott, Inc..