215 123rd St S, Tacoma, WA 98444

$655,000
2,840
SqFt

Listing courtesy of Better Properties N. Proctor.

List Price
$655,000
Status
PENDING INSPECTION
MLS#
1679086
Price Change
▲ $30,000 1603253363
Days on Market
3
Style
52 - Duplex
Building Condition
['Very Good']
Finished SqFt
2,840
Lot Size (sq ft)
5,000

Property Description

New Construction - New duplex right next to PLU and Garfield street. 4 bedroom 2.5 baths on each side. Modern shaker cabinets, quartz counter tops, stainless steel appliances. Tenants pay for all utilities with a separate water meter for each unit. Extremely low expenses. Excellent location close to shopping, restaurants, bus line and Pacific Lutheran University. Built with finishes that will last. Opportunity.

Additional Information

List Date
2020-10-17 00:00:00
Community
Parkland
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
2020
Total Parking
6
Uncovered Parking
4
Exterior
Cement Planked, Wood, Wood Products
Roof
Composition
Site Features
Fenced-Fully, Patio
Lot Details
Paved Street
School District
Franklin Pierce
Total Monthly Income
$4,000
Gross Scheduled Income
$48,000
Vacancy Rate
5
Gross Adjusted Income
$45,600
Annual Taxes
$1,156
Tax Year
2020
Insurance Expense
$1,200
Total Expenses
$2,356
Net Operating Income
$43,244
Gross Rent Multiplier
13
Cap Rate
7

Room Dimensions

Unit 1 Beds
4
Unit 1 Baths
2.50
Unit 1 Size
1420
Unit 1 Rent
$2,000
Unit 2 Beds
4
Unit 2 Baths
2.50
Unit 2 Size
1420
Unit 2 Rent
$2,000
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