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505 N L Street

Tacoma, WA 98403
  • $1,385,000
  • STATUS: Pending Inspection
  • ON SITE: 52 Days
  • ID#: 1852817
Under Contract
UPDATED: 68 min ago
$1,385,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,100
    SQFT
  • $272
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1922
County:
Area:

School Ratings & Info

School District:
Listing Courtesy of Windermere Professional Prtnrs.

Description

A rare opportunity to invest in a North Tacoma fourplex. Tons of original charm. Great curb appeal. Main floor is a large 2 bedroom unit with wood floors and gorgeous built ins. Floor two has a 2 bed unit plus a Studio apartment, both completely updated. Fresh paint, gleaming floors and amazing kitchens. The Basement has a common area for laundry and storage plus a beautiful 1 bed apartment. Even the two car garage has rental potential to hospital employees, current tenants or local residents. Currently garage is used for owner's personal storage. Fenced backyard has an entertaining patio and gardens. Overall, 6 off-street parking spaces, new exterior paint & roof. Potential of an easy 5+ cap rate. Easy access to Light Rail & Multicare.

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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 Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-12-05T17:13:52.17.

www.kwbellingham.net/homes/122335910
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505 N L Street Tacoma, WA 98403

  • Price: $1,385,000
  • Status: Pending Inspection
  • On Site: 52 Days
  • Updated: 68 min ago
  • ID#: 1852817
0
Beds
0
Baths
0
½ Baths
0.15
Acres
5,100
SQFT
$272
$/SQFT
1922
Built
Neighborhood:
North Tacoma
County:
Pierce
Area:
North Tacoma
School District:
Tacoma
Property Description
A rare opportunity to invest in a North Tacoma fourplex. Tons of original charm. Great curb appeal. Main floor is a large 2 bedroom unit with wood floors and gorgeous built ins. Floor two has a 2 bed unit plus a Studio apartment, both completely updated. Fresh paint, gleaming floors and amazing kitchens. The Basement has a common area for laundry and storage plus a beautiful 1 bed apartment. Even the two car garage has rental potential to hospital employees, current tenants or local residents. Currently garage is used for owner's personal storage. Fenced backyard has an entertaining patio and gardens. Overall, 6 off-street parking spaces, new exterior paint & roof. Potential of an easy 5+ cap rate. Easy access to Light Rail & Multicare.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 2 Exterior Features WoodWood Products Lot Features AlleyCurbsSidewalk Open Parking Spaces 4 Open Parking YN Yes Parking Total 6 Parking Uncovered Spaces 4 Roof Composition Structure Type Quadruplex Style Code 54 - 4-Plex View YN No Waterfront YN No

Interior Features

Building Area Total 5100 Fireplace YN No Flooring HardwoodLaminate Furnished Unfurnished Heating Cooling Type Forced AirWall Heating YN Yes Interior Features Hardwood Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities BasementCoin Op LaundryStorage Electric On Property YN No Energy Source ElectricNatural Gas FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 58375 New Construction YN No Possession See RemarksTenant's Rights Power Production Type ElectricNatural Gas Property Condition Good Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Site Features Cable TvFenced-FullyGas AvailableHigh Speed InternetPatio Special Listing Conditions None Tax Annual Amount 7495 Tax Year 2021 Units In Building Total 4 Utilities Cable ConnectedHigh Speed InternetNatural Gas AvailableSewer ConnectedElectricity AvailableNatural Gas Connected Water Source Public Zoning Jurisdiction City

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 Keller Williams Western Realty 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 Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-12-05T17:13:52.17.

 
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Keller Williams Western Realty
2211 Rimland Drive, Suite 124
Bellingham WA, 98226
Listing Courtesy of Windermere Professional Prtnrs.