1004 S 9th St , #13

    Tacoma, WA 98405
    • $1,690,000
    • STATUS: Pending
    • ON SITE: 29 days
    • ID#: 1595559
    Under Contract
    UPDATED: 20 min ago
    $1,690,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Paragon Real Estate Advisors.

    Description

    The Shiraz Apartments located in the exciting and dynamic New Tacoma/Hilltop neighborhood. This 13-unit building, constructed in 1960 provides a major value-add opportunity to a savvy investor interested in repositioning an asset centrally located in a growth center of Tacoma. Ideally located three blocks from the Hilltop Light Rail station slated to open in 2022 as well as other exciting new development projects, the Shiraz Apartments are at the center of a blossoming city ready to take off.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than My Puget Sound Homes are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-05-30T16:14:27.127.

    www.mypugetsoundhomes.com/homes/105447244

    1004 S 9th St , #13 Tacoma, WA 98405

    • Price: $1,690,000
    • Status: Pending
    • Updated: 20 min ago
    • ID#: 1595559
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1960
    Built
    Neighborhood:
    Central Tacoma
    County:
    Pierce
    Area:
    Central Tacoma
    School District:
    Tacoma
    Property Description
    The Shiraz Apartments located in the exciting and dynamic New Tacoma/Hilltop neighborhood. This 13-unit building, constructed in 1960 provides a major value-add opportunity to a savvy investor interested in repositioning an asset centrally located in a growth center of Tacoma. Ideally located three blocks from the Hilltop Light Rail station slated to open in 2022 as well as other exciting new development projects, the Shiraz Apartments are at the center of a blossoming city ready to take off.
    Exterior Features

    Building Condition Very Good Carport Spaces 0 Exterior Brick Foundation See Remarks Garage Spaces 0 Lot Dimensions 6534 Roof Flat Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 6 Uncovered Spaces 6

    Interior Features

    Heating And Cooling Radiant Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 650 Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 650 Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 650 Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 650 Unit5 Bathrooms 1.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 375 Unit6 Bathrooms 1.00 Unit6 Bedrooms 1 Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 750 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 4.28 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Not Provided General Zoning Classification See Remarks Gross Adjusted Income 129948 Gross Rent Multiplier 13 Gross Scheduled Income 132600 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3500 Leased Items None Net Operating Income 72341 New Construction YN No Other Expenses 36500 Possession See Remarks Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 17607 Tax Year 2020 Terms Cash Out Third Party Approval Required None Total Expenses EXP 57607 Total Expenses TEX 57607 Total Monthly Income 11050 Unit1 Monthly Rent 795 Unit2 Monthly Rent 845 Unit3 Monthly Rent 895 Unit4 Monthly Rent 825 Unit5 Monthly Rent 825 Unit6 Monthly Rent 925 Vacancy Rate 2 Water Sewer Garbage 0 Water Source Community Zoning Jurisdiction County

    Listing information © 2020 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by My Puget Sound Homes and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than My Puget Sound Homes are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-05-30T16:14:27.127.

     
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    Listing Courtesy of Paragon Real Estate Advisors.