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Listed by:Keller Williams Rty Tacoma • Brian Thayer
$875,000
Est. payment /mo
8 Beds
4 Baths
3,328 SqFt
New
917 A-D 75th ST E Tacoma, WA 98404
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,328 sqft
Price per Sqft $262
Subdivision Parkland
MLS Listing ID 2571607
Style 54 - 4-Plex
Bedrooms 8
Year Built 1983
Annual Tax Amount $9,393
Lot Size 0.290 Acres
Property Sub-Type Multi Family
Property Description
Looking to expand your Tacoma multifamily portfolio or make your first investment? This fourplex offers a strong value-add opportunity with several major improvements already completed or underway. The exterior has been freshly painted, two units have been fully renovated, and two additional units have received bathroom updates. The crawl space has also been improved with a new vapor barrier and insulation, and a new roof is scheduled for installation. Additional upside remains in the two units that have not yet been fully renovated, along with the opportunity to bring rents closer to current market levels. With an effective renovation and leasing strategy, the property offers the potential to improve cash flow, target approximately a 6% return, and build long-term equity through increased income and property value. A solid opportunity for an investor looking to improve an existing asset, increase rents and unlock additional value in the Tacoma market.
Location
State WA
County Pierce
Area 64 - Parkland/Midland
Interior
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood Products
Amenities Available Deck, Fenced-Partially
View Y/N No
Roof Type Composition
Building
Lot Description Paved
Sewer Available
Water Public
New Construction No
Schools
School District Tacoma
Others
Senior Community No
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
"Three Trees" icon indicates a listing provided courtesy of NWMLS.