1311 S 9th Street $1,450,000

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    1311 S 9th Street Tacoma, WA 98405

    • 0 Beds
    • 0 Baths
    • Multi-Family
    Listing# 1479355 | Pending

    $1,450,000

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    Days On Market: 29 0 Views
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    Property Details

    THE TACOMA 9-UNIT PROVIDES an investor a heavy value add opportunity, with room for renovations in all units and large potential rent increases. PROPERTY CONSISTS of six 1x1’s and three 3x1’s. Rents in the 1-bedroom average $824 with market rents pushing $1,050. Large proven upside in the 3-bedroom units, rents average $1,430 with most recent unit leasing for $1,690 without renovations.

    • General Features
      • County Pierce
      • Style 55-5-9 Units
      • Number of Stories 2
      • Number of Units 9
      • Year Built 1909
      • Lot Square Footage 9,750
      • County Pierce
    • Building Features
      • Approx SqFt 0
      • Roof Flat
      • Exterior Wood Products
      • Floor Covering Hardwood
    • Financials
      • Total Monthly Income $10,026
      • Net Operating Income $77,663
      • Gross Scheduled Income $119,196
      • Gross Adjusted Income $120,317
      • Total Expenses $42,654
      • Other Expenses $14,959
      • Insurance Expenses $5,000
      • Expenses $42,654
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 11
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $8,695
      • Energy Source Electric
      • Heating and Cooling Forced Air
      • Sewer Company Sewer Connected
    • Schools
      • School District Tacoma

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    Neighborhood

    98405 (Tacoma) Demographics

    34Median Age
    5,851Population Density (per sq. mile)
    34%College Educated
    $47,371 Estimated Median Income
    4,221Estimated Total Home Owners
    5,348Estimated Total Renters
    44% / 56%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    24,125Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $350,000 Median Sales Price
    33 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,450,000
        7/30/2019 4:11:16 PM Status Changed Source New Value: Pending
        7/22/2019 5:01:00 PM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.