9707-9713 Patterson St S Unit 1-6 $1,125,000

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    9707-9713 Patterson St S Unit 1-6 Tacoma, WA 98444

    • 0 Beds
    • 0 Baths
    • 6,188 sq.ft.
    • Multi-Family
    Listing# 1528517 | Active
    Days On Market: 7 3 Views
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    Property Details

    Completely remodeled turnkey 6 Plex at 6.91 actual cap rate with property management and repair reserves.4 units are duplex style 3bed/1.5 bath remodeled units with W/D & 2car garage.2 units are small single family homes completely remodeled with SS appliances/quartz and W/D.2 Year old roofs on all.Potential to raise rents on remaining three 4plex units to take the cap rate well over 7.5.Add more units in free space in lot once county has completed zoning change being considered,buyer to verify.

    • General Features
      • County Pierce
      • County Pierce
      • Lot Details Alley, Curbs, Paved Street, Value In Land
      • Lot Square Footage 25,200
      • Number of Stories 2
      • Number of Units 6
      • Site Features Cable TV, Deck, Fenced-Fully, Patio, RV Parking
      • Style 55-5-9 Units
      • Unit 1-6
      • View Territorial
      • Year Built 1985
    • Building Features
      • Roof Compostion
      • Exterior Cement Planked, Wood
      • Approx SqFt 6,188
      • Floor Covering Vinyl
    • Financials
      • Total Monthly Income $8,952
      • Net Operating Income $77,764
      • Gross Scheduled Income $107,616
      • Gross Adjusted Income $104,630
      • Total Expenses $26,866
      • Other Expenses $8,971
      • Insurance Expenses $2,636
      • Expenses $26,866
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 10
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $9,160
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Water Company TPU
      • Sewer Company Sewer Connected
    • Schools
      • School District Franklin Pierce
      • Senior High Buyer To Verify
      • Junior High Buyer To Verify
      • Elementary School James Sales Elem

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    Neighborhood

    98444 (Tacoma) Demographics

    32Median Age
    5,168Population Density (per sq. mile)
    23%College Educated
    $39,911 Estimated Median Income
    4,415Estimated Total Home Owners
    8,357Estimated Total Renters
    35% / 65%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    34,771Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $289,950 Median Sales Price
    29 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: $1,125,000
        10/10/2019 5:11:00 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.