Active
  • Listed by: 

    Rob Mitchell,

    Windermere Prof Partners

    Price cut: $25.1K (5/20)
    $849,950

    1637 CENTER Street, Tacoma, WA 98409

    1beds
    6,000sqft
    : 
    Single Family Residence
    Built in 1970
    10,001.38 Square Feet Lot
    $-- Zestimate®
    $142/sqft
    $-- HOA

    What's special

    This property is 3 different lots. There is a tri-plex with 3 rental units, with rents of $4625 per mo. There is a home behind the tri-plex which rents for $1750 per mo. and another home behind that home that rents for $1950. in addition, there is a vacant lotto the East that is approx. 100 ft. and 40 feet in Center Street. There is a gross scheduled rental income of $99,900 at current rents which are low. The expenses of taxes @ $4260, sewer is $12,000 per year, and insurance of $3461. Tenant pays for their own water and electrical. Property is currently managed for the absentee owner. if you manage yourself, it can be a great investment with good cash flow. (9% cap rate at present.) Contract available.
    96 days
    on Zillow
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    58
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