315 N L Street, Tacoma, WA 98403

$1,499,950
4,992
SqFt

Listing courtesy of COMPASS.

List Price
$1,499,950
Status
ACTIVE
MLS#
2198854
Days on Market
202
Style
54 - 4-Plex
Finished SqFt
4,992
Area Total SqFt
4992
Annual Tax Ammount
9178
Lot Size (sq ft)
6,500
Sewer
Sewer Connected

Property Description

A remarkable Four-plex opportunity featuring two 3-bed, 1-bath units & two 1-bed, 1-bath units, each adorned with covered porches, gas forced air heat, hardwood, fir floors & original charming built-ins. Two units boast updated kitchens with stainless appliances and newer cabinetry. Recent system upgrades encompass a new water supply line, all new supply plumbing, a new sewer line, and 2 new 80-gallon water heaters. Additionally, the property includes a 5-bay garage off the alley, a fully fenced back yard, and an unfinished basement with shared laundry, open storage, and 4 individual storage units. Significant upside potential by renting the garages. Conveniently located for easy access to new light rail, Wright Park, and the medical center

Additional Information

List Date
2024-03-25 00:13:08
Community
Stadium District
Net Operating Income
$75,120
Gross Adjusted Income
$75,120
Gross Scheduled Income
$89,520
Insurance Expenses
$3,147
Water/Sewer/Garbage Expenses
$4,968
Gross Rent Multiplier
19.9
Total Expenses
$23,954
Cap Rate
5
Total Number of Units
4
Unit Name
315
Potential Terms
Cash Out, Conventional, FHA
Year Built
1910
Roof
Composition, Metal
Site Features
Cable TV, Fenced-Partially, Gas Available, High Speed Internet
Electric Expenses
1920
Other Expenses
2040
Energy Source
Electric, Natural Gas
School District
Tacoma
Gross Scheduled Income
$89,520
Gross Adjusted Income
$75,120
Tax Year
2023
Insurance Expense
$3,147
W/S/G Expenses
$4,968
Total Expenses
$23,954
Net Operating Income
$75,120
Gross Rent Multiplier
19.9
Cap Rate
5
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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Calculator source: Real Geeks