4013 S Puget Sound Ave, Tacoma, WA 98409

$2,300,000
4,510
SqFt

Listing courtesy of RE/MAX Northwest Realtors.

List Price
$2,300,000
Status
ACTIVE
MLS#
1582811
Price Change
▼ $350,000 1590708576
Days on Market
141
Style
56 - 10+ Units
Building Condition
['Very Good']
Finished SqFt
4,510
Lot Size (sq ft)
3,250

Property Description

Completed in February 2020, this 11-Unit 1BD/1BA Secured Apartment building consists of 4,510 SF (NRA) Multi-Family (Micros/SED's) on a site totaling 3,250 SF. Modern, Bright & Refreshing units feat; NEW SS-appliances, dishwasher, microwave, full-size washer/dryer,secured entry and bike storage. Includes a Tax exemption for a 12-year term provided 20% of the units are designated for affordable housing by City of Tacoma. Near I-5/Hwy-16, Tacoma Mall/Transit, JBLM +!

Additional Information

List Date
2020-03-26 00:00:00
Community
South Tacoma
Property Type
MULT
Units
11
Stories
3
Potential Terms
Cash Out, Conventional, FHA
Year Built
2019
Total Parking
1
Exterior
Cement Planked, Wood, Wood Products
Roof
Composition
Site Features
Gated Entry, High Speed Internet, Sprinkler System
Lot Details
Alley, Curbs, Paved Street, Sidewalk
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$13,175
Gross Scheduled Income
$158,100
Vacancy Rate
2
Gross Adjusted Income
$154,938
Annual Taxes
$1,580
Tax Year
2020
Insurance Expense
$3,150
W/S/G Expenses
$10,560
Total Expenses
$38,661
Net Operating Income
$116,465
Gross Rent Multiplier
14
Cap Rate
5

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
409
Unit 1 Rent
$1,150
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
409
Unit 2 Rent
$1,200
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
409
Unit 3 Rent
$1,175
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
409
Unit 4 Rent
$1,150
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
409
Unit 5 Rent
$1,200
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
409
Unit 6 Rent
$1,250
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