1809 1811 99th Street E, Tacoma, WA 98445

$675,000

Listing courtesy of COMPASS.

List Price
$675,000
Status
ACTIVE
MLS#
1839385
Days on Market
8
Style
52 - Duplex
Area Total SqFt
3238
Lot Size (sq ft)
5,750

Property Description

INVESTORS ALERT!! Great MIXED USE & MULTI-TENANT building located in high traffic area in Midland. The property is fully leased with 3 long-term tenants who wish to stay, generating a steady stream of income. Parking is available to the front of the building. Commercial unit is currently leased as an event venue, both apartment units have been remodeled with new interior and exterior paint fenced fully. The property is well situated with approximately 50 feet of frontage on 99th right off busy Portland street. Midland is in an upcoming area & continues to go through an economic boom. Currently producing a 5% cap rate with potential growth.

Additional Information

List Date
2021-09-10 00:00:00
Community
Parkland
Potential Terms
Cash Out, Conventional
Year Built
1918
Roof
Composition
Site Features
Cable TV, Fenced-Fully, High Speed Internet, Outbuildings, Patio, RV Parking
Heating/Cooling Type
Wall
Energy Source
Electric
School District
Franklin Pierce
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$3,850
Gross Scheduled Income
$42,600
Gross Adjusted Income
$42,600
Tax Year
2021
Insurance Expense
$1,900
W/S/G Expenses
$2,400
Net Operating Income
$37,025
Gross Rent Multiplier
16
Cap Rate
5
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks