Listed by Better Homes and Gardens RE PC, Bought with Keller Williams Rlty Bellevue
NOT LISTED FOR SALE

521 Military Rd E Tacoma, WA 98445

-- Bed
-- Bath
3,312 Sq Ft
0.93 Acres

Last Sold April 06, 2023

Last sale price $479,750 $145 Per Sq Ft

131 Days on Market

Highlights

  • 0.93 Acre Lot
  • Territorial View
  • Patio
  • Deck
  • No HOA
  • Vinyl Plank Flooring

About This Home

As of April 2023

Say hello to instant cash flow! This unique property is ideally suited for an investor looking to expand their real estate portfolio. Included are 2 separate attached dwelling units, currently grossing $3770/month. 521 is a 2312sqft manufactured home that includes 3 beds, 2.5 baths, an attached 2-car garage, and a large backyard with a cozy patio and deck. 525 is a 1000sqft stick-built house with 2 beds, 1.75 baths, and recently updated with granite counters, laminate flooring, and newer cabinets throughout. Both units are fully fenced and occupied by long-term tenants.

Last Agent to Sell the Property

Kyle Milton

Better Homes and Gardens RE PC Listed on: 11/03/2022

Better Homes and Gardens RE PC

Last Buyer's Agent

Justin Cambra

Keller Williams Rlty Bellevue License #22012176

Keller Williams Rlty Bellevue

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2014118

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,303

Year Built

  • Built in 1920

Lot Details

  • 0.93 Acre Lot
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Duplex
  • Composition Roof
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 3,312 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl Plank

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Schools

  • Thompson Elementary School
  • Spanaway Jnr High Middle School
  • Spanaway Lake High School

Utilities

  • Mini Split Air Conditioners
  • Heat Pump System
  • Well
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Spanaway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0319214024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,303

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1920
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3312
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Subject to Court Approval
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Forced Air, Heat Pump, Ductless HP-Mini Split, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks,Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood Products
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Individual Well
  • Security: PartiallyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • PowerCompany: Elmhurst
  • SewerCompany: Pierce County
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bethel
  • High School: Spanaway Lake High
  • Middle Or Junior School: Spanaway Jnr High

Lot Info

  • Parcel Number: 0319214024
  • Lot Size Acres: 0.928
  • Lot Size Sq Ft: 40422
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,High Speed Internet,Outbuildings,Patio
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.26
  • LeasedItems: None
  • TotalMonthlyIncome: 3770

Multi Family

  • Gross Scheduled Income: 45240
  • Net Operating Income: 35394
  • Number Of Units Total: 2
  • Insurance Expense: 1542.96
  • Leasable Area: 3312
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 8303

MLS Schools

  • Elementary School: Thompson Elem

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 Change Sq Ft Price
04/06/2023 04/06/23 Sold $479,750 -8.6% $145 / Sq Ft
03/14/2023 03/14/23 Pending -- -- --
03/10/2023 03/10/23 For Sale $525,000 0.0% $159 / Sq Ft
02/23/2023 02/23/23 Pending -- -- --
02/16/2023 02/16/23 Price Changed $525,000 -4.5% $159 / Sq Ft
02/03/2023 02/03/23 Price Changed $550,000 -5.2% $166 / Sq Ft
01/18/2023 01/18/23 Price Changed $580,000 -3.3% $175 / Sq Ft
01/13/2023 01/13/23 For Sale $600,000 0.0% $181 / Sq Ft
11/16/2022 11/16/22 Pending -- -- --
11/03/2022 11/03/22 For Sale $600,000 +328.6% $181 / Sq Ft
06/21/2013 06/21/13 Sold $140,000 0.0% $56 / Sq Ft
03/27/2013 03/27/13 Pending -- -- --
03/21/2013 03/21/13 For Sale $140,000 -- $56 / 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: 2014118

Northwest Multiple Listing Service (NWMLS)