A remarkable Four-plex opportunity featuring two 3-bed, 1-bath units & two 1-bed, 1-bath units, each adorned with covered porches, gas forced air heat, hardwood, fir floors & original charming built-ins. Two units boast updated kitchens with stainless appliances and newer cabinetry. Recent system upgrades encompass a new water supply line, all new supply plumbing, a new sewer line, and 2 new 80-gallon water heaters. Additionally, the property includes a 5-bay garage off the alley, a fully fenced back yard, and an unfinished basement with shared laundry, open storage, and 4 individual storage units. Significant upside potential by renting the garages. Conveniently located for easy access to new light rail, Wright Park, and the medical center
Property Features
Interior Features
- Ceramic Tile
- Fir/Softwood
- Hardwood
- Flooring: Ceramic Tile, Fir/Softwood, Hardwood, Vinyl
Heating and Cooling
- Fuel Expense: 2701
- Heating Features: Forced Air
- Heating Fuel: Electric, Natural Gas
- Heating: Yes
Exterior and Lot Features
Garage and Parking
- Covered Spaces: 5
- Parking Total: 5
Land Info
- Lot Description: Curbs, Paved Street, Sidewalk
- Lot Size Acres: 0.1492195
- Lot Size Square Feet: 6500
Amenities and Community Features
Rental Info
- Gross Scheduled Income: 89520
- Leasable Area: 4008
- Leasable Area Units: Square Feet
Multi-Unit Info
- Number of Units: 4
- Bedrooms in Unit-1: 3
- Bedrooms in Unit-2: 1
- Bedrooms in Unit-3: 3
- Bedrooms in Unit-4: 1
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Unit-1 Description: A
- Unit-2 Description: B
- Unit-3 Description: C
- Unit-4 Description: D
- Unit-1 Square Feet: 1020
- Unit-2 Square Feet: 834
- Unit-3 Square Feet: 1136
- Unit-4 Square Feet: 1018
- Unit 1 Total Actual Rent: 2170
- Unit 2 Total Actual Rent: 1495
- Unit 3 Total Actual Rent: 2170
- Unit 4 Total Actual Rent: 1625
School Information
- High School District: Tacoma
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Other Property Info
- Annual Tax Amount: 9178
- Source Listing Status: Active
- Country Region: US
- County: Pierce
- Cap Rate: 5
- Directions: Division to N L St. NW on N L. Building is on the right
- Tax Year: 2023
- Other Expense: 2040
- Source Property Type: Multi-Family
- Insurance Expense: 3147
- List Development Name: Stadium District
- Source Neighborhood: Stadium District
- Parcel Number: 2033230040
- Street Suffix Modifier: Street
- Subdivision: Stadium District
- Property Subtype: Multi-family
- Source System Name: C2C
- Buyer Agent Commission: 2.5
Commercial Info
- Net Operating Income: 75120
Building and Construction
- Total Square Feet Living: 4992
- Building Area Total: 4992
- Building Area Units: Square Feet
- Foundation Details: Poured Concrete
- Living Area Units: Square Feet
- Property Age: 114
- Roof: Composition, Metal
- Building Total Stories: 2
- Structure Type: Quadruplex
- Elevation Units: Feet
Utilities
- Electric Expense: 1920
- Power Production Type: Electric, NaturalGas
- Sewer: Sewer Connected
- Water Source: Public
Home Features
- Security Features: FullyFenced
