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Listing provided by NWMLS, courtesy of Kidder Mathews

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Active
$900,000
/mo   Edit
MLS# 1589448
Multi-Family/Duplex
Built 1900
0.161 acres
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    Description:   811House Apts. is a well-located value-add 4-unit Apt. complex located in a designated Opportunity Zone in downtown Tacoma. Built-in 1900 as a four-plex with each unit being 4-Bed/2-Bath. The design and old-world charm accentuate the early 20th-century architecture. Today, 811House is operated as a 27-bed transition housing for men. This value-add opportunity allows an investor to keep as is and raise rents, or convert to a four-plex. A 5th unit may be added to the basement (buyer to verify)

    Interior

    Approx. Sq Ft: 0 ft²
    Energy Source: Electric
    Heating and Cooling: Baseboard
    Amenities: Basement, Coin Op Laundry, Thermal Windows

    Utilities

    Sewer: Sewer Connected

    Location

    City: Tacoma
    State: WA
    Zip Code: 98405
    Area: 29
    County: Pierce
    School District: Tacoma
    Latitude: 47.25260000
    Longitude: -122.44837200

    Building

    Year Built: 1900
    Roof: Cedar Shake, Flat
    Exterior: No
    Number of Units in Building: 0

    School

    School District: Tacoma

    Lot

    View: Bay, City, Mountain, Partial, Territorial
    Lot Details: Alley, Curbs, Paved Street, Sidewalk
    Lot Sq Ft: 7,000 ft²
    Number of Stories in Building: 2

    Site

    Community Name: Tacoma
    Site Features: Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet

    Rent

    Terms: Cash Out, Rehab Loan

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $9,485
    Insurance Expenses: 4021
    Electrical Expenses: 0
    Heating Expenses: 0
    Other Expenses: 17057
    Total Expenses: 47921
    Tax Year: 2020
    Gross Scheduled Income: 129425
    Vacancy Rate: 5
    Gross Adjusted Income: 122954
    Total Expenses: 47921
    Net Operating Costs: 75033
    Gross Rent Multiplier: 7
    Total Monthly Income: 10785

    Unit 1

    Description Unit 1: A1
    Sq Ft Unit 1: 196 ft²
    Bedrooms Unit 1: 0
    Bathrooms Unit 1: 0.00
    Fireplaces Unit 1: 0
    Rent Unit 1: $450

    Unit 2

    Description Unit 2: A2
    Sq Ft Unit 2: 196 ft²
    Bedrooms Unit 2: 0
    Bathrooms Unit 2: 0.00
    Fireplaces Unit 2: 0
    Rent Unit 2: $500

    Unit 3

    Description Unit 3: A3
    Sq Ft Unit 3: 196 ft²
    Bedrooms Unit 3: 0
    Bathrooms Unit 3: 0.00
    Fireplaces Unit 3: 0
    Rent Unit 3: None

    Unit 4

    Description Unit 4: A4
    Sq Ft Unit 4: 196 ft²
    Bedrooms Unit 4: 0
    Bathrooms Unit 4: 0.00
    Fireplaces Unit 4: 0
    Rent Unit 4: $450

    Unit 5

    Description Unit 5: B1
    Sq Ft Unit 5: 196 ft²
    Bedrooms Unit 5: 0
    Bathrooms Unit 5: 0.00
    Fireplaces Unit 5: 0
    Rent Unit 5: $403

    Unit 6

    Description Unit 6: B2
    Sq Ft Unit 6: 196 ft²
    Bedrooms Unit 6: 0
    Bathrooms Unit 6: 0.00
    Fireplaces Unit 6: 0
    Rent Unit 6: $450

    Mortgage Calculator

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    Payment:  /mo

    Listing provided by NWMLS, courtesy of Kidder Mathews