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.
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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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