Bought with Sound Realty Group Inc
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Key Details
Sold Price $710,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,728 sqft
Price per Sqft $190
Subdivision Tacoma
MLS Listing ID 1721034
Sold Date 03/10/21
Style 54 - 4-Plex
HOA Fees $400/ann
Year Built 1982
Annual Tax Amount $6,255
Lot Size 7,507 Sqft
Property Sub-Type Multi-Family
Property Description
Prime 4-plex investment located in Orchard Park Estates on the border of University Place. Building offers pitched roof, wood siding, metal carports, 2 bed/1 bath units, individual washer/dryers, fireplaces, side yard, new permitted decks in 2020, nice territorial views with western exposure. Well maintained grounds and landscaping, park like setting, community playground area, professionally operated HOA. Located close to Sound Transit, minutes to I-5 and Chambers Bay. New exterior paint 2009, roof 2005 and cleaned 2021, gutters 2011. Upside to this property with a few minor interior cosmetic upgrades, increased rents to market value for a 6.3% cap rate. Financials are pro-forma, based on current market values.
Location
State WA
County Pierce
Area 45 - South Tacoma
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Utilities Available Cable Connected, Sewer Connected, Electric, Wood
Amenities Available Cable TV, Deck, Patio, Sprinkler System
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Dead End Street, Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Tacoma
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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