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612 S 18th Street

Tacoma, WA 98405
  • $1,950,000
  • STATUS: Pending
  • ON SITE: 49 days
  • ID#: 1791455
Under Contract
UPDATED: 26 min ago
$1,950,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1908
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Courtesy of Savvy Lane Inc.

Description

For sale is a proven value-add investment. With three fully renovated units, this property has potential upside of 18% in rental income by renovating all units. Located minutes from Downtown Tacoma, St Joseph and MultiCare Hospitals, and the University of Washington, Tacoma, this property is centered among prominent employers and amenities. Major repairs of electrical, plumbing, and paint have been completed on the property in addition to the upgraded units.

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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 The Snow Group at The Preview Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-03T23:13:58.983.

www.jeffsnowgroup.com/homes/118224370
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612 S 18th Street Tacoma, WA 98405

  • Price: $1,950,000
  • Status: Pending
  • Updated: 26 min ago
  • ID#: 1791455
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1908
Built
Neighborhood:
Hilltop
County:
Pierce
Area:
Central Tacoma
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify
School District:
Tacoma
Property Description
For sale is a proven value-add investment. With three fully renovated units, this property has potential upside of 18% in rental income by renovating all units. Located minutes from Downtown Tacoma, St Joseph and MultiCare Hospitals, and the University of Washington, Tacoma, this property is centered among prominent employers and amenities. Major repairs of electrical, plumbing, and paint have been completed on the property in addition to the upgraded units.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features CurbsPaved Open Parking Spaces 5 Open Parking YN Yes Parking Total 5 Parking Uncovered Spaces 5 Roof Torch Down Structure Type Multi Family Style Code 56 - 10+ Units View YN Yes Waterfront YN No

Interior Features

Fireplace YN No Flooring Laminate Foundation Details Slab Furnished Unfurnished Heating Cooling Type Forced Air

Property Features

Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 142180 Insurance Expense 3049 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 101980 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 7598 Tax Year 2021 Total Expenses 40200 Units In Building Total 10 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 10386 Zoning Class Multi-Family

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 The Snow Group at The Preview Group 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 The Snow Group at The Preview Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-03T23:13:58.983.

 
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The Snow Group at The Preview Group
2150 North 107th Street #170
Seattle WA, 98133
Listing Courtesy of Savvy Lane Inc.