MLS #2524218 / Listing provided by NWMLS & John L. Scott, Inc..
$799,950
5002 S 58th Street
Tacoma,
WA
98409
Sq Ft
Per Sq Ft
Year Built
NEW ON MARKET*This single level 4-plex offers a great opportunity to add to any investment portfolio*All 4 units are identical, offering 2 beds/1 bath, 875 sq ft, with all kitchen appliances included*Washer/Dryer hookups are available in each unit, plus there are outside storage areas for each tenant*Situated on a spacious corner lot in a dead end neighborhood, offering both privacy and convenience*Some landlord improvements have been recently done to a few of the units, while others present an opportunity to increase rents and add value*Roof is less than 5 years old*Current rents range from $1495 to $1550, providing a strong foundation for future growth*Property is currently generating $6340 in total monthly income with a solid 6.6% cap rate*Prime location situated on the border between Lakewood and University Place, offering tenants easy access to shopping and all amenities*Trader Joes is just 10 mins away!*Chamber's Bay is approximately a short 15-minute drive*A low maintenance, incoming generating asset in a convenient location - ideal for investors looking to expand their portfolio with both stability and upside potential.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage Spaces: 0
- Parking Total: 8
- Total Uncovered Parking Spaces: 8
Structure
- Roof: Composition
- Exterior Features: Wood, Wood Products
- Foundation: Slab
Lot Details
- Lot Features: Corner Lot, Paved
- Acres: 0.3822
- Foundation: Slab
Schools
- High School District: Tacoma
- High School: Mt Tahoma
- Middle School: Gray
- Elementary School: Manitou Park
Lot Details
- Lot Features: Corner Lot, Paved
- Acres: 0.3822
- Foundation: Slab
Power
- Energy Source: Electric
- Power Company: TPU
Water, Sewer, and Garbage
- Sewer Company: TPU
- Sewer: Sewer Connected
- Water Company: TPU
- Water Source: Public
- Water, Sewer, and Garbage: 9765
Sandy Jones - THE JONES TEAM
Broker | REALTOR®
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