1004 S 9th Street, Tacoma, WA 98405

$2,195,000
10,065
SqFt

Listing courtesy of eXp Realty.

List Price
$2,195,000
Status
ACTIVE
MLS#
2019078
Days on Market
75
Style
56 - 10+ Units
Finished SqFt
10,065
Area Total SqFt
10065
Annual Tax Ammount
17853
Lot Size (sq ft)
6,500
Sewer
Sewer Connected

Property Description

Calling All Investors - over 6 CAP opportunity on an upgraded, all-brick building! South Ninth Apartments features a total of 13 units with a mix of ten 1 bed/1 bath units, two 2 bed/1 bath units, and a future 3 bed/1.5 bath unit. Units have been renovated with new LVP flooring, new kitchen cabinets with quartz countertops, updated bathrooms & new interior & exterior paint. Tenants pay for W/S/G via RUBs. This is the perfect opportunity to acquire and start collecting rents at a great CAP Rate! Value add opportunity to increase rents and complete the 3 bedroom unit. The building is in an excellent location near hospitals, shopping centers, restaurants, stadiums, and the future rail. Seller is looking to do a 1031 exchange.

Additional Information

List Date
2022-11-25 22:51:09
Community
Central Tacoma
Net Operating Income
$49,490
Gross Adjusted Income
$87,985
Gross Scheduled Income
$87,985
Total Monthly Income
$12,125
Insurance Expenses
$3,290
Water/Sewer/Garbage Expenses
$837
Total Expenses
$38,495
Cap Rate
6
Total Number of Units
13
Unit Name
1004
Potential Terms
Cash Out, Conventional
Year Built
1960
View
Territorial
Roof
Flat
Site Features
Fenced-Partially
Heating/Cooling Type
Radiant
Electric Expenses
9274
Other Expenses
2160
Energy Source
Electric
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$12,125
Gross Scheduled Income
$87,985
Gross Adjusted Income
$87,985
Tax Year
2022
Insurance Expense
$3,290
W/S/G Expenses
$837
Total Expenses
$38,495
Net Operating Income
$49,490
Cap Rate
6
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