1214 S 8th Street, Tacoma, WA 98405

$799,000
2,236
SqFt

Listing courtesy of Adelbern Real Estate LLC.

List Price
$799,000
Status
ACTIVE
MLS#
2296915
Days on Market
8
Style
52 - Duplex
Finished SqFt
2,236
Area Total SqFt
2236
Annual Tax Ammount
4920
Internet Provider
Comcast, Others Available
Lot Size (sq ft)
3,500
Sewer
Sewer Connected
Offer Review Date
2024-10-07

Property Description

Historic duplex that has been thoroughly remodeled recently, with a projected cap rate of 6.5%! Projected rent assumes two THA clients, each with a 4 bedroom unit. Average rents for 4 bedroom units are even higher! Ask your broker for details. Brand new roof and paint in 2024. Both kitchens remodeled in the last two years. Appliances are all new within the last two years as well! All appliances are included with the sale including both washer/dryers. This duplex is truly in the path of progress. It lies in close proximity to the light rail and transit, between Stadium and Downtown. This is a great investment! Go tour this amazing property before it's gone!

Additional Information

List Date
2024-10-03 05:56:08
Community
Tacoma
Net Operating Income
$52,303
Gross Adjusted Income
$60,831
Gross Scheduled Income
$62,712
Total Monthly Income
$5,226
Insurance Expenses
$1,208
Water/Sewer/Garbage Expenses
$2,400
Gross Rent Multiplier
12.74
Total Expenses
$8,528
Cap Rate
6.5
Vacancy Rate
3
Total Number of Units
2
Unit Name
1214
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1890
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Gas Available, High Speed Internet
Energy Source
Electric
School District
Tacoma
Total Monthly Income
$5,226
Gross Scheduled Income
$62,712
Vacancy Rate
3
Gross Adjusted Income
$60,831
Tax Year
2024
Insurance Expense
$1,208
W/S/G Expenses
$2,400
Total Expenses
$8,528
Net Operating Income
$52,303
Gross Rent Multiplier
12.74
Cap Rate
6.5
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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