Listed by eXp Realty, Bought with The Real Estate Firm
NOT LISTED FOR SALE
-- Bed
-- Bath
10,065 Sq Ft
6,500 Sq Ft Lot

Last Sold September 01, 2023

Last sale price $2,175,000 $216 Per Sq Ft

40 Days on Market

Highlights

  • Territorial View
  • No HOA
  • Baseboard Heating
  • Stadium High School Rated A-
  • Vinyl Plank Flooring
  • 2-minute walk to Peoples Park

About This Home

As of September 2023

Calling All Investors! South Ninth Apartments features a total of 13 units with a mix of ten 1 bed/1 bath units, two 2 bed/1 bath units, and a brand new 3 bed/1.5 bath unit. Most units have been renovated with new LVP flooring, new kitchen cabinets with quartz countertops, updated bathrooms & new interior & exterior paint. Tenants pay for W/S/G via RUBs. On-site laundry room. This is the perfect opportunity to acquire and start collecting rents at a great CAP Rate! Value add opportunity to increase rents! The building is in an excellent location near hospitals, shopping centers, restaurants, stadiums, and the future rail. Sellers looking to do a 1031 Exchange!

Last Agent to Sell the Property

Kekoa Lwin

eXp Realty License #23028853 Listed on: 05/05/2023

eXp Realty

Co-Listed By

Octavio Bustillos

eXp Realty License #21014856

Last Buyer's Agent

Brittney Bredl

The Real Estate Firm License #136581

The Real Estate Firm

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2063616

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,853

Year Built

  • Built in 1960

Lot Details

  • 6,500 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 10,065 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Parking

  • 5 Parking Spaces
  • Open Parking

Utilities

  • Baseboard Heating
  • Radiant Heating System

Community Details

  • No Home Owners Association
  • Central Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 200920-001-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,853

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1960
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 10065
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Let's go!
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Security: FullyFenced
  • Cooling: Radiant
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 200920-001-0
  • Lot Size Acres: 0.1492
  • Lot Size Sq Ft: 6500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 9200

Tax Info

  • Year: 2022
  • Tax Annual Amount: 17853

Multi Family

  • Number Of Units Total: 13
  • Leasable Area: 10065
  • EnergySource: Electric
  • UnitsInBuildingTotal: 13
  • UnitsBelowGrade: true
  • VacancyRate: 0

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2023 09/01/23 Sold $2,175,000 -3.3% $216 / Sq Ft
06/14/2023 06/14/23 Pending -- -- --
05/05/2023 05/05/23 For Sale $2,249,999 +38.5% $224 / Sq Ft
07/31/2020 07/31/20 Sold $1,624,340 -3.9% --
05/02/2020 05/02/20 Pending -- -- --
04/30/2020 04/30/20 For Sale $1,690,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2063616

Northwest Multiple Listing Service (NWMLS)