Bought with Bricksfolios RE Solutions
$3,200,000
$3,400,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
4318 S Puget Sound AVE Tacoma, WA 98409
10,404 SqFt
Key Details
Sold Price $3,200,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,404 sqft
Price per Sqft $307
Subdivision South Tacoma
MLS Listing ID 2025058
Sold Date 06/13/23
Style 56 - 10+ Units
Construction Status Completed
Year Built 2022
Annual Tax Amount $3,363
Lot Size 9,459 Sqft
Property Description
New Construction 12 plex with 12 year tax abatement. City will be repaving the entire street and adding sidewalks within a year. All 12 units have washer/dryers, dishwashers & HP mini splits for heat & AC. Property will have two wrought iron gates on front and back entrances prior to sale closing. 6 rentable garage spots & 6 rentable 75 sq ft storage units. Great cash flow & long term asset potential. High quality construction, building will have minimal maintenance and repairs for years to come. 6.34% cap rate is a great deal for new construction!
Location
State WA
County Pierce
Area 47 - South Tacoma
Interior
Interior Features Ductless HP-Mini Split, Wall to Wall Carpet
Flooring Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Cement/Concrete, Cement Planked, Wood
Amenities Available Cable TV
Waterfront No
View Y/N No
Roof Type Flat,See Remarks
Building
Lot Description Paved
Sewer Sewer Connected
Water Public
New Construction Yes
Construction Status Completed
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Tacoma
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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