Bought with Skyline Properties, Inc.
$875,000
$972,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
1423 S 5th ST Tacoma, WA 98405
3,341 SqFt
Key Details
Sold Price $875,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,341 sqft
Price per Sqft $261
Subdivision New Tacoma
MLS Listing ID 1967533
Sold Date 10/12/22
Style 55 - 5-9 Units
Year Built 1909
Annual Tax Amount $5,913
Lot Size 3,588 Sqft
Property Description
Conveniently located along the Division Ave. corridor in Tacoma's Historic Wedge District. This two story 8-unit multi-plex is close to hospitals, Wright Park, Stadium District and popular 6th Ave. The building is configured with 5 units ground level and 3 units on the second floor. 4 one bedrooms and 4 studios with 2 of the second-floor units sharing a bathroom. Basement for storage. New Siemen's 200-amp interior main breaker panel & service entrance installed 10/21. Two new 30K BTU gas direct-vent wall furnaces installed in unit 5, 10/21 & in unit 405, 11/21. Roof treatment done 07/21. 6.4 cap Rate includes additional monthly utility billback of $108 per unit. All leases currently month to month.
Location
State WA
County Pierce
Area 20 - North Tacoma
Interior
Interior Features Forced Air, Hardwood, Laminate Hardwood
Flooring Hardwood, Laminate, Vinyl
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Utilities Available Cable Connected, High Speed Internet, Sewer Connected, Electric, Natural Gas Connected
Amenities Available Cable TV, High Speed Internet
View Y/N No
Roof Type Composition
Building
Lot Description Corner Lot, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Tacoma
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157