723 N Cushman Ave

    Tacoma, WA 98403
    • $850,000
    • STATUS: Pending Feasibility
    • ON SITE: 24 days
    • ID#: 1557564
    Under Contract
    UPDATED: 222 min ago
    $850,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,548
      SQFT
    • $153
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1890
    County:
    Area:

    School Ratings & Info

    School District:
    Listing Courtesy of Windermere Professional Prtnrs.

    Description

    Investor's dream. This 6 Unit property sits proudly in a fantastic North Tacoma location on the corner of N 8th & Cushman. Solid history of rents. Previously a Bed & Breakfast. The main floor has one large apartment, floor 2 has a 1 bedroom and 2 studios, floor 3 has a 1 bedroom plus an updated studio w/ a peekaboo view & new quartz/tile. The large detached 3 car garage has huge potential for additional income along w/ the basement that hold the laundry & storage area. Roof & Boiler 6 yrs old.

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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 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 2020-02-17T00:14:04.943.

    www.thekendratoddgroup.com/homes/102532857

    723 N Cushman Ave Tacoma, WA 98403

    • Price: $850,000
    • Status: Pending Feasibility
    • Updated: 222 min ago
    • ID#: 1557564
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    5,548
    SQFT
    $153
    $/SQFT
    1890
    Built
    Neighborhood:
    North Tacoma
    County:
    Pierce
    Area:
    North Tacoma
    School District:
    Tacoma
    Property Description
    Investor's dream. This 6 Unit property sits proudly in a fantastic North Tacoma location on the corner of N 8th & Cushman. Solid history of rents. Previously a Bed & Breakfast. The main floor has one large apartment, floor 2 has a 1 bedroom and 2 studios, floor 3 has a 1 bedroom plus an updated studio w/ a peekaboo view & new quartz/tile. The large detached 3 car garage has huge potential for additional income along w/ the basement that hold the laundry & storage area. Roof & Boiler 6 yrs old.
    Exterior Features

    Building Condition Good Carport Spaces 0 Exterior WoodWood Products Foundation Poured Concrete Garage Spaces 3 Lot Details AlleyCorner LotCurbsPaved StreetSidewalk Roof Composition Stories In Building 3 Style 55 - 5-Plex Total Parking Spaces 3 Uncovered Spaces 3 View See Remarks

    Interior Features

    Floor Covering Ceramic TileHardwoodLaminate HardwoodVinyl Heating And Cooling RadiatorWall Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 1 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 1570 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 770 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 0 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 400 Unit3 Washer Dryer N Unit4 Bathrooms 0.75 Unit4 Bedrooms 0 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 400 Unit4 Washer Dryer N Unit5 Bathrooms 0.75 Unit5 Bedrooms 0 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 250 Unit5 Washer Dryer N Unit6 Bathrooms 0.75 Unit6 Bedrooms 1 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 588 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities BasementStorageSee Remarks Bank Owned No Cap Rate 4.78 Electrical Expenses 0 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided Gross Adjusted Income 71761 Gross Rent Multiplier 11 Gross Scheduled Income 73980 Heating Expenses 3693 Hers Index 0 Home Owner Dues 0 Insurance Expenses 4128 Leased Items None Net Operating Income 40658 New Construction YN No Other Expenses 7398 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 TVPatio Tax Amount 7551 Tax Year 2020 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 0 Total Expenses TEX 0 Total Monthly Income 6165 Unit1 Monthly Rent 1700 Unit2 Monthly Rent 915 Unit3 Monthly Rent 900 Unit4 Monthly Rent 850 Unit5 Monthly Rent 1000 Unit6 Monthly Rent 800 Vacancy Rate 3 Water Company Tpu Water Sewer Garbage 8333 Water Source Public Zoning Jurisdiction City

    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 2020-02-17T00:14:04.943.

     
    The Kendra Todd Group at Keller Williams
    1307 N. 45th Street Suite 300
    Seattle WA, 98103
    Listing Courtesy of Windermere Professional Prtnrs.