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253-691-8561
Terrafin Real Estate
5209 S Orchard Street, Tacoma, WA 98467
- $895,000
- 3,664
- SqFt
Listing Broker: Kidder Mathews; Brian Richardson; 206-276-6811; brianr@kiddermathews.com
- List Price
- $895,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 2589131
- Subtype
- Residential Income
- Style
- 54 - 4-Plex
- Year Built
- 1981
- Living Area
- 3,664
- Lot Size
- 11,220
- Acres
- 0.26
- Subdivision
- University Place
- Neighborhood
- University Place
- MLS Area Major
- University Place
Property Description
FULL MARKETING PACKAGE IN SUPPLEMENTS. This Grand Terrace Fourplex features oversized 900 SF 2BR/1.0BA units with the kind of unit profile renters fight over. Each apartment includes in-unit washer/dryer, a dedicated single-car garage, and a storage locker. Location is a win being minutes to Hwy 16 & I-5, Tacoma Mall, and Village at Chambers Bay, plus walkable access to a major bus route and daily-need amenities. In-place rents average $1,650/mo with clear mark-to-market upside supported by nearby 2-Bedroom rent comps averaging $2,115. Stabilized cap rate of 6.2% cap and market cap rate of 7.8%.
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Additional Information
- Exterior Features
- Cement Planked, Wood Products
- Property Description
- 54 - 4-Plex
- Heating
- Baseboard
- Air Conditioning
- None
- Roof
- Composition
- Garage Spaces
- 5
- School District
- Tacoma
- View
- Partial, Territorial
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.