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    624 99th Street E

    Tacoma, WA 98445
    • $1,200,000
    • STATUS: Pending
    • ON SITE: 49 days
    • ID#: 1791585
    Under Contract
    UPDATED: 38 min ago
    $1,200,000
    • 0
      BEDS
    • 0.69
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2005
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Gateway Real Estate.

    Description

    ONE of A KIND 4-Plex consists of the main house plus 3 additional units. 4-Plex built in 2005-on over 1/2 acre in the Midland area. Situated off the main road down a private driveway. The interior and exterior are meticulously maintained by the owners. Virtually no vacancy and easy to rent. Solid 5% cap rate. Below-market rents with big upside! No capital improvement needed here. 50-year roof with a warranty, durable gypsum siding, mature landscaping throughout. Lots of parking for tenants and guests, individual garages for all units. Interiors well maintained and updated. Newer sinks, faucets, lighting, fireplaces, wall heaters, appliances, and more! All units feature private patio space & stamped concrete. Professionally managed complex.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Better Properties Lacey are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-03T00:14:31.393.

    www.betterpropertieslacey.com/homes/118233409
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    624 99th Street E Tacoma, WA 98445

    • Price: $1,200,000
    • Status: Pending
    • Updated: 38 min ago
    • ID#: 1791585
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.69
    Acres
    2005
    Built
    Neighborhood:
    Midland
    County:
    Pierce
    Area:
    Parkland/Midland
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Franklin Pierce
    Property Description
    ONE of A KIND 4-Plex consists of the main house plus 3 additional units. 4-Plex built in 2005-on over 1/2 acre in the Midland area. Situated off the main road down a private driveway. The interior and exterior are meticulously maintained by the owners. Virtually no vacancy and easy to rent. Solid 5% cap rate. Below-market rents with big upside! No capital improvement needed here. 50-year roof with a warranty, durable gypsum siding, mature landscaping throughout. Lots of parking for tenants and guests, individual garages for all units. Interiors well maintained and updated. Newer sinks, faucets, lighting, fireplaces, wall heaters, appliances, and more! All units feature private patio space & stamped concrete. Professionally managed complex.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 5 Exterior Features Wood Lot Features Cul-De-SacCurbsDead End StreetPaved Open Parking Spaces 8 Open Parking YN Yes Parking Features Rv Parking Parking Total 13 Parking Uncovered Spaces 8 Roof CompositionSee Remarks Structure Type Quadruplex Style Code 54 - 4-Plex View YN Yes Waterfront YN No

    Interior Features

    Fireplace YN No Flooring VinylCarpet Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type InsertWall Heating YN Yes

    Property Features

    Association Fee 0 Association Fee Frequency Annually Building Name South Tacoma Land Electric Expense 317 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 77616 Insurance Expense 1657 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventionalVa Loan Net Operating Income 62189 New Construction YN No Possible Use Residential Power Production Type Electric Property Condition Very Good Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvFenced-FullyPatioRv Parking Special Listing Conditions None Tax Annual Amount 9841 Tax Year 2021 Total Expenses 15427 Units In Building Total 4 Utilities Cable ConnectedSewer ConnectedElectricity Available Water Sewer Garbage 3612 Water Source Public Zoning Class Residential Zoning Jurisdiction County

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Better Properties Lacey and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Better Properties Lacey are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-03T00:14:31.393.

     
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    Better Properties Lacey
    3201 Willamette Dr NE, Ste E
    Lacey WA, 98516
    Listing Courtesy of Gateway Real Estate.