Listed by Best Choice Realty LLC, Bought with Grand Avenue Real Estate
NOT LISTED FOR SALE
12 Beds
9 Baths
6,240 Sq Ft
6,317 Sq Ft Lot

Last Sold November 30, 2015

Last sale price $720,000 $115 Per Sq Ft

55 Days on Market

Highlights

  • Patio
  • Wood Siding
  • 5-minute walk to South Park
  • Property is in very good condition
  • Wall to Wall Carpet

About This Home

As of November 2015

2014 built 6 unit apartment building for sale. Low maintenance, fully leased, washer and dryer in each unit, granite counter tops, 2 bedroom, 1.5 bathrooms, 1040 square feet per unit. Water, electric and garbage all paid by the tenants. Tax abatement eliminates structure tax for 11 more years. Below market rents of $860-$900 with increases scheduled.

Last Agent to Sell the Property

Jeff Huling

Best Choice Realty LLC License #84348 Listed on: 09/28/2015

Best Choice Realty LLC

Last Buyer's Agent

Holland Cohen

Grand Avenue Real Estate License #25592

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 853243

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $643

Year Built

  • Built in 2014

Lot Details

  • 6,317 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 6,240 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 4 Parking Spaces
  • Open Parking

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Tacoma Mall Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2890002630

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$643

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 2014
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6240
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 1800

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 2890002630
  • Lot Size Acres: 0.145
  • Lot Size Sq Ft: 6317
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Patio
  • MLSLotSizeSource: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 5320

Multi Family

  • Gross Scheduled Income: 63840
  • Net Operating Income: 48155
  • Number Of Units Total: 6
  • Insurance Expense: 2000
  • Leasable Area: 6240
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2015
  • Tax Annual Amount: 643

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2015 11/30/15 Sold $720,000 -2.6% $115 / Sq Ft
11/23/2015 11/23/15 Pending -- -- --
09/28/2015 09/28/15 For Sale $739,000 -- $118 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 853243

Northwest Multiple Listing Service (NWMLS)