Turnkey 3-unit property, cap rate of 7.2% ready for cash flow. A great starter for owners wanting a low maintenance property. All units have been completely remodeled from studs out! Each unit has a private entrance, kitchen, and laundry. Touches of luxury throughout including wine fridge, coffee bar, dual sinks. Private cottage w/ vaulted ceilings, air conditioning, and large covered deck and ample parking for guests. These units have remained in high demand with low vacancy. Easy access to I5, JBLM, Tacoma Mall, and Hospitals for endless stream of qualified tenants. 2 units left vacant for showing, the basement MIL is rented for $1,340/mo - please do not disturb tenants. Total Pro-Forma rent of $5,950/month.
|
DAYS ON MARKET
|
113
|
LAST UPDATED
|
12/7/2024
|
|
TRACT
|
Lincoln
|
YEAR BUILT
|
1936
|
|
COMMUNITY
|
Lincoln
|
COUNTY
|
Pierce
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
| Elementary School |
Buyer To Verify |
| Jr. High School |
Buyer To Verify |
| High School |
Buyer To Verify |
|
Prior to Nov 7, '24
|
$975,000
|
| Nov 7, '24 - Today |
$895,000 |
| AIR CONDITIONING |
Yes |
| AREA |
50 - South Tacoma |
| BASEMENT |
Yes |
| CONSTRUCTION |
Cement Siding, Wood Siding |
| HEAT |
Ductless , Electric, Forced Air, Natural Gas |
| INTERIOR |
Ceramic Tile, Laminate, Wall to Wall Carpet |
| LOT |
6499 sq ft |
| LOT DESCRIPTION |
Curbs, Paved, Sidewalk |
| LOT DIMENSIONS |
130'x50' |
| STORIES |
2 |
| STYLE |
53 - Tri-plex |
| SUBDIVISION |
Lincoln |
| TAXES |
5234 |
| UTILITIES |
Sewer Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Territorial |
| WATER |
Public |
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