$799,500

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1637 Center Street Tacoma, WA, United States 98409

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.

Amenities

  • Bedrooms: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 0
  • Property Type: Residential
  • Year Built: 1970
  • Built in 1970
  • Home size: 6,000 ft2 / 557.41 m2
  • MLS: 2370493
  • Status: Active

Property brokered by

Windermere Real Estate Western WA and OR

(206) 526-7730

Get more listing details on brokerage site

Presented by Rob Mitchell

  • (253) 851-9134 (Office Phone)

Contact Rob Mitchell

Contact Agent

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