Turnkey 3-unit property, cap rate of 7.2% ready for cash flow. A great starter for owners wanting a low maintenance property. All units have been completely remodeled from studs out! Each unit has a private entrance, kitchen, and laundry. Touches of luxury throughout including wine fridge, coffee bar, dual sinks. Private cottage w/ hot tub, vaulted ceilings, air conditioning, and large covered deck and ample parking for guests. These units have remained in high demand with low vacancy. Easy access to I5, JBLM, Tacoma Mall, and Hospitals for endless stream of qualified tenants. 2 units left vacant for showing, the basement MIL is rented for $1,340/mo - please do not disturb tenants. Total Pro-Forma rent of $5,950/month.
Property Type(s):
Single Family
|
Last Updated
|
11/7/2024
|
Tract
|
Lincoln
|
|
Year Built
|
1936
|
Community
|
Lincoln
|
|
County
|
Pierce
|
SCHOOLS
| Elementary School |
Buyer To Verify |
| Jr. High School |
Buyer To Verify |
| High School |
Buyer To Verify |
Price History
|
Prior to Nov 7, '24
|
$975,000 |
| Nov 7, '24 - Today |
$895,000 |
Additional Details
| AIR |
Ceiling Fan(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer, Water Heater |
| AREA |
50 - South Tacoma |
| BASEMENT |
Finished, Yes |
| CONSTRUCTION |
Cement Siding, Wood Siding |
| EXTERIOR |
Garden |
| FIREPLACE |
Yes |
| HEAT |
Ductless , Electric, Forced Air, Natural Gas |
| INTERIOR |
Bath Off Primary, Ceiling Fan(s), Ceramic Tile, Dining Room, Double Pane/Storm Window, Fireplace, Hot Tub/Spa, Laminate, Second Kitchen, Second Primary Bedroom, Security System, Sprinkler System, Walk-In Closet(s), Wall to Wall Carpet, Water Heater |
| LOT |
6499 sq ft |
| LOT DESCRIPTION |
Curbs, Paved, Sidewalk |
| LOT DIMENSIONS |
130'x50' |
| PARKING |
Driveway, Off Street |
| STORIES |
2 |
| STYLE |
18 - 2 Stories w/Bsmnt |
| SUBDIVISION |
Lincoln |
| TAXES |
5234 |
| UTILITIES |
Sewer Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Territorial |
| WATER |
Public |
Location
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 11/24/24 9:03 AM PST. 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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This IDX solution is (c) Diverse Solutions 2024.
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