1311 S 9th Street

    Tacoma, WA 98405
    • $1,450,000
    • STATUS: Pending
    • ON SITE: 92 days
    • ID#: 1479355
    Under Contract
    UPDATED: 32 min ago
    $1,450,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1909
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Kidder Mathews.

    Description

    THE TACOMA 9-UNIT PROVIDES an investor a heavy value add opportunity, with room for renovations in all units and large potential rent increases. PROPERTY CONSISTS of six 1x1s and three 3x1s. Rents in the 1-bedroom average $824 with market rents pushing $1,050. Large proven upside in the 3-bedroom units, rents average $1,430 with most recent unit leasing for $1,690 without renovations.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Lucas Pinto Real Estate Group | Compass are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-10-23T19:16:54.197.

    www.lucaspintoteam.com/homes/97173258

    1311 S 9th Street Tacoma, WA 98405

    • Price: $1,450,000
    • Status: Pending
    • Updated: 32 min ago
    • ID#: 1479355
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1909
    Built
    Neighborhood:
    Hilltop
    County:
    Pierce
    Area:
    Central Tacoma
    School District:
    Tacoma
    Property Description
    THE TACOMA 9-UNIT PROVIDES an investor a heavy value add opportunity, with room for renovations in all units and large potential rent increases. PROPERTY CONSISTS of six 1x1s and three 3x1s. Rents in the 1-bedroom average $824 with market rents pushing $1,050. Large proven upside in the 3-bedroom units, rents average $1,430 with most recent unit leasing for $1,690 without renovations.
    Exterior Features

    Carport Spaces 0 Exterior Wood Products Foundation Slab Garage Spaces 0 Roof Flat Stories In Building 2 Style 55 - 5-Plex Total Parking Spaces 1 Uncovered Spaces 0

    Interior Features

    Floor Covering Hardwood Heating And Cooling Forced Air Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 800 Unit2 Bathrooms 1.00 Unit2 Bedrooms 3 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 1000 Unit3 Bathrooms 1.00 Unit3 Bedrooms 3 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 1000 Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 800 Unit5 Bathrooms 1.00 Unit5 Bedrooms 1 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 800 Unit6 Bathrooms 1.00 Unit6 Bedrooms 3 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 1000 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 5.35 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Not Provided General Zoning Classification Multi-Family Gross Adjusted Income 120317 Gross Rent Multiplier 11 Gross Scheduled Income 119196 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 5000 Leased Items None Net Operating Income 77663 New Construction YN No Other Expenses 14959 Possession Closing Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 8695 Tax Year 2019 Terms Conventional Third Party Approval Required None Total Expenses EXP 42654 Total Expenses TEX 42654 Total Monthly Income 10026 Unit1 Monthly Rent 835 Unit2 Monthly Rent 1695 Unit3 Monthly Rent 1300 Unit4 Monthly Rent 835 Unit5 Monthly Rent 835 Unit6 Monthly Rent 1300 Vacancy Rate 5 Water Sewer Garbage 14000 Zoning Jurisdiction County

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Lucas Pinto Real Estate Group | Compass and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Lucas Pinto Real Estate Group | Compass are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-10-23T19:16:54.197.

     
    Lucas Pinto Real Estate Group | Compass
    800 Bellevue Way NE Suite 500
    Bellevue WA, 98004
    Listing Courtesy of Kidder Mathews.