Bought with Roopa Group
$986,000
$1,299,000
24.1%For more information regarding the value of a property, please contact us for a free consultation.
4909 4915 Wa-Tau-Ga AVE NE Tacoma, WA 98422
5,112 SqFt
Key Details
Sold Price $986,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,112 sqft
Price per Sqft $192
Subdivision Browns Point
MLS Listing ID 2039400
Sold Date 05/17/23
Style 54 - 4-Plex
Year Built 1995
Annual Tax Amount $10,983
Lot Size 0.304 Acres
Property Description
Remarkable Browns Point value-add opportunity 4-plex. Solid investment property with low expenses and upside potential by increasing rents by 17% to market rate. Spacious townhouse style units are approx 1,278 SF, 2 bedrooms, 1.75 baths and offer a nice floor plan, washer/dryer and private patio. All units have a 1-car garage, forced air heating and the roof and skylights have recently been replaced. High demand rental, fully occupied, stable tenants, and located within walking distance to Browns Point Lighthouse Park. Pro-forma rents are $2000 per unit at 5.88% cap rate.
Location
State WA
County Pierce
Area 95 - Browns Point
Interior
Interior Features Ceramic Tile, Wall to Wall Carpet
Flooring Ceramic Tile, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Amenities Available Sprinkler System
View Y/N No
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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"Three Trees" icon indicates a listing provided courtesy of NWMLS.