5011 S Orchard Street, Tacoma, WA 98467

$610,000
3,728
SqFt

Listing courtesy of Windermere Gig Harbor. Selling Office: Sagareus Real Estate.

Sold Price
$610,000
List Price
$609,000
Status
SOLD
MLS#
1516526
Closing Date
Jan 21, 2020
Days on Market
27
Style
54 - 4-Plex
Building Condition
Very Good
Finished SqFt
3,728
Area Total SqFt
3728
Annual Tax Ammount
5200
Lot Size (sq ft)
7,875
Sewer
Sewer Connected

Property Description

Nicely maintained 4-plex in Orchard Park Estates. easy access to Highway 16 & I5. Decks face West w/territorial views. Ea unit inc all apps, inc WD. Wood fireplaces. Level from parking to 1st floor. Carport parking + uncovered. Tenants have been residents since '98,'02, '07, '15. Rental just inc--$875,850,850,845, but still under market--GROSS SCHEDULED INCOME is PROJECTED INCOME@$1000ea. Windows were replaced in past 5 years. Showings to follow reaching Mutual Agreement. All units are occupied.

Additional Information

List Date
2019-12-25 00:00:00
Community
Tacoma
Net Operating Income
$33,325
Gross Adjusted Income
$48,000
Gross Scheduled Income
$48,000
Total Monthly Income
$4,000
Insurance Expenses
$977
Water/Sewer/Garbage Expenses
$3,700
Gross Rent Multiplier
12
Total Expenses
$14,675
Cap Rate
5.4
Total Number of Units
4
Unit Name
5011
Potential Terms
Cash Out, Conventional, FHA
Year Built
1981
View
Territorial
Roof
Composition
Site Features
Cable TV, Deck, High Speed Internet, Patio, Sprinkler System
School District
Tacoma
Elementary School
Edison
Middle School
Gray
High School
Foss
Total Monthly Income
$4,000
Gross Scheduled Income
$48,000
Gross Adjusted Income
$48,000
Tax Year
2019
Insurance Expense
$977
W/S/G Expenses
$3,700
Total Expenses
$14,675
Net Operating Income
$33,325
Gross Rent Multiplier
12
Cap Rate
5.4
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