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(253) 209-4200
Real Estate Company
1822 S 95th Street, Tacoma, WA 98444
Listing Broker: Heaton Dainard, LLC; Joel J Ramos; 206-669-9922; joelramosrealestate@gmail.com
- $875,000
- 3,648
- SqFt
- List Price
- $875,000
- Status
- ACTIVE
- MLS#
- 2602140
- Style
- 54 - 4-Plex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 3,648
- Area Total SqFt
- 3648
- Annual Tax Ammount
- 8650
- Lot Size (sq ft)
- 8,800
- Sewer
- Sewer Connected
Property Description
Outstanding Investment Opportunity! Fully turnkey, extensively updated 4-plex offering immediate rental income and excellent long-term investment potential! Major capital improvements have already been completed, including updated electrical, plumbing, roof, siding, interior finishes, landscaping, and more! All the heavy lifting has been done, providing investors with a low-maintenance, income-producing property. Fully occupied with established tenants and currently rented below market rates, offering excellent potential for future rental growth and increased returns. Each unit features updated finishes, newer appliances, and its own washer and dryer. Additional highlights include secured entry, 4 covered carport spaces, additional uncovered parking, and individual storage units for each tenant. Ideal for seasoned investors looking to expand their portfolio or owner-occupants seeking an opportunity to offset their mortgage with rental income. A rare opportunity to acquire a beautifully updated, income-producing property with significant improvements already completed and excellent upside potential!
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Additional Information
- Community
- South Tacoma
- Net Operating Income
- $51,150
- Gross Adjusted Income
- $72,000
- Gross Scheduled Income
- $72,000
- Total Monthly Income
- $6,000
- Insurance Expenses
- $2,400
- Water/Sewer/Garbage Expenses
- $2,400
- Gross Rent Multiplier
- 12.15
- Total Expenses
- $20,850
- Cap Rate
- 5.85
- Total Number of Units
- 4
- Unit Name
- 1822
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1981
- Roof
- Composition
- Site Features
- Fenced-Fully
- Other Expenses
- 7400
- Energy Source
- Electric
- School District
- Tacoma
- Total Monthly Income
- $6,000
- Gross Scheduled Income
- $72,000
- Gross Adjusted Income
- $72,000
- Tax Year
- 2025
- Insurance Expense
- $2,400
- W/S/G Expenses
- $2,400
- Total Expenses
- $20,850
- Net Operating Income
- $51,150
- Gross Rent Multiplier
- 12.15
- Cap Rate
- 5.85
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.