REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Rein Franke

rein.franke@engelvoelkers.com +1(425) 647-8823

Listed by:John L. Scott, Inc. • Paul Coldiron

$ 799,950

Est. payment -/mo

Save

New

5002 S 58th ST Tacoma, WA 98409

8 Beds

4 Baths

3,500 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,500 sqft

Price per Sqft $228

Subdivision South Tacoma

MLS Listing ID 2524218

Style 54 - 4-Plex

Bedrooms 8

HOA Fees $50/mo

Year Built 1977

Annual Tax Amount $8,638

Lot Size 0.382 Acres

Property Sub-Type Multi Family

Property Description

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.

Location

State WA

County Pierce

Area 45 - South Tacoma

Interior

Flooring Laminate, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

Amenities Available Cable TV, Fenced-Partially, Patio

View Y/N No

Roof Type Composition

Building

Lot Description Corner Lot, Paved

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Manitou Park

Middle Schools Gray

High Schools Mt Tahoma

School District Tacoma

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOLS & PROPERTIES

Rein Franke

Advisor | License ID: 250005926

+1(425) 647-8823

GET MORE INFORMATION