2033 - 2037 S 8th Street, Tacoma, WA 98405

$895,000
3,086
SqFt

Listing courtesy of Skyline Properties, Inc..

List Price
$895,000
Status
ACTIVE
MLS#
2302295
Days on Market
16
Style
54 - 4-Plex
Finished SqFt
3,086
Area Total SqFt
3086
Annual Tax Ammount
7011
Lot Size (sq ft)
5,750
Sewer
Sewer Connected

Property Description

Beautifully renovated 4-plex, ideally located just minutes from Tacoma’s vibrant 6th Ave business district, University of Puget Sound, and downtown! Each updated unit features modern laminate plank flooring, sleek quartz countertops, stainless steel appliances and updated electrical. Tenants appreciate the convenience of in-unit washers and dryers and a desirable mix of 4-bedroom, 3-bedroom, and two studio units, offer diverse rental income potential and steadier occupancy. This mostly turnkey multi-family property is perfect for investors and owner occupants alike! Unit 2037B intentionally left vacant in case owner wants to occupy. Don’t miss out on owning a piece of Tacoma’s growing real estate market!

Additional Information

List Date
2024-10-17 22:41:09
Community
Tacoma
Net Operating Income
$45,472
Gross Adjusted Income
$72,333
Gross Scheduled Income
$76,140
Total Monthly Income
$6,345
Insurance Expenses
$1,431
Water/Sewer/Garbage Expenses
$6,889
Gross Rent Multiplier
12
Total Expenses
$26,861
Cap Rate
5.08
Vacancy Rate
5
Total Number of Units
4
Unit Name
2033 - 2037
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1896
Roof
Composition
Site Features
Cable TV, Fenced-Partially
Other Expenses
11530
Energy Source
Electric
School District
Tacoma
Total Monthly Income
$6,345
Gross Scheduled Income
$76,140
Vacancy Rate
5
Gross Adjusted Income
$72,333
Tax Year
2024
Insurance Expense
$1,431
W/S/G Expenses
$6,889
Total Expenses
$26,861
Net Operating Income
$45,472
Gross Rent Multiplier
12
Cap Rate
5.08
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.

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