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612 -614 S 18th Street

Tacoma, WA 98405
  • $1,950,000
  • STATUS: Pending
  • ON SITE: 124 Days
  • ID#: 1791455
Under Contract
UPDATED: 40 min ago
$1,950,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,008
    SQFT
  • $389
    $/SQFT
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 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 2021-10-17T15:15:00.06.

www.kwbellingham.net/homes/118224370
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612 -614 S 18th Street Tacoma, WA 98405

  • Price: $1,950,000
  • Status: Pending
  • Updated: 40 min ago
  • ID#: 1791455
0
Beds
0
Baths
0
½ Baths
0.11
Acres
5,008
SQFT
$389
$/SQFT
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 Mountain(S)Strait View YN Yes Waterfront YN No

Interior Features

Building Area Total 5008 Fireplace YN No Flooring Laminate Furnished Unfurnished Heating Cooling Type Forced Air Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Electric On Property YN No Energy Source Electric Foundation Details Slab Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 101980 New Construction YN No Possession Closing Possible Use Multi-Family Power Production Type Electric Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 7598 Tax Year 2021 Units In Building Total 10 Utilities Sewer ConnectedElectricity Available 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 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 2021-10-17T15:15:00.06.

 
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Keller Williams Western Realty
2211 Rimland Drive, Suite 124
Bellingham WA, 98226
Listing Courtesy of Savvy Lane Inc.