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253-691-8561
Terrafin Real Estate
3841 S Park Avenue, Tacoma, WA 98418
- $850,000
Listing Broker: Blake Investment Advisors; Gabe Blake; 206-618-2207; gabe@blakeia.com
- List Price
- $850,000
- Status
- ACTIVE
- Days on Market
- 234
- Price Change
- ▼ $75,000 1790970897
- MLS#
- 2446398
- Subtype
- Residential Income
- Style
- 55 - 5-9 Units
- Year Built
- 1950
- Lot Size
- 9,583
- Acres
- 0.22
- Subdivision
- South Tacoma
- Neighborhood
- South Tacoma
- MLS Area Major
- South Tacoma
Property Description
CASH-FLOWING MACHINE REPRICED TO SELL! $9,015 MONTHLY INCOME | PRICE REDUCED to a 7.58% Cap Rate | 3841 S Park Ave is a well-maintained, single-story 6-unit apartment building. Fully renovated in 2020, the property features a low-maintenance brick façade, double-paned vinyl windows, metal entry doors, and a composition shingle roof replaced in 2020. The unit mix includes two two-bedroom/one-bath apartments and four one-bedroom/one-bath apartments, averaging 750 square feet and 550 square feet, respectively. All six units have been comprehensively renovated within the last five years with luxury vinyl plank flooring, white shaker cabinetry, new appliances, granite countertops, and LED lighting fixtures.
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Additional Information
- Amenities
- Coin Op Laundry
- Exterior Features
- Brick
- Property Description
- 55 - 5-9 Units
- Flooring
- Vinyl Plank
- Heating
- Baseboard
- Air Conditioning
- None
- Roof
- Composition
- School District
- Tacoma
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.