3565 S G St, Tacoma, WA 98418

$749,900
3,500
SqFt

Listing courtesy of Real Property Associates.

List Price
$749,900
Status
ACTIVE
MLS#
1581489
Days on Market
13
Style
54 - 4-Plex
Building Condition
['Very Good']
Finished SqFt
3,500
Lot Size (sq ft)
7,588

Property Description

Excellent 6% cap rate investment opportunity in the heart of Tacoma's vibrant Lincoln International District. Low maintenance, recently updated building with spacious 2 bed, 1 bath units that come fully rented with in unit washer/dryer. Accessible off-street parking and convenient location - walking distance to Lincoln High School and minutes to I-5, Downtown Tacoma, and an eclectic mix of shopping/dining locales.

Additional Information

List Date
2020-03-26 00:00:00
Community
Lincoln
Property Type
MULT
Units
4
Stories
2
Potential Terms
Conventional
Year Built
1978
Total Parking
4
Uncovered Parking
4
Exterior
Wood
Roof
Composition
Lot Details
Alley, Paved Street, Sidewalk
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$5,320
Gross Scheduled Income
$63,840
Vacancy Rate
3
Gross Adjusted Income
$61,924
Annual Taxes
$5,246
Tax Year
2020
Insurance Expense
$1,740
W/S/G Expenses
$5,280
Total Expenses
$14,066
Net Operating Income
$47,858
Gross Rent Multiplier
12
Cap Rate
6

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
890
Unit 1 Rent
$1,250
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
890
Unit 2 Rent
$1,250
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
890
Unit 3 Rent
$1,250
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
890
Unit 4 Rent
$1,250
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