420 N 4th St, Tacoma, WA 98403

$2,500,000

Listing courtesy of Kidder Mathews.

List Price
$2,500,000
Status
ACTIVE
MLS#
1362734
Price Change
▼ $400,000 1539916408
Days on Market
57
Style
55 - 5-9 Units
Lot Size (sq ft)
10,640

Property Description

The Weyerhaeuser Mansion consists of 6 high-end units containing top-of-the-line finishes, water views, and nearly non-existent vacancies. Owner wants $2,100,000 for the building and $800,000 for the developable land and is willing to sell them separately. The land is zoned for 28 units with building plans available. This investment opportunity offers a unique combination of both excellent quality and location.

Additional Information

List Date
2018-09-17 00:00:00
Community
Stadium District
Property Type
MULT
Units
6
Stories
3
Potential Terms
Conventional
Year Built
1925
Total Parking
4
Exterior
Wood
Roof
Composition
School District
Tacoma
Total Monthly Income
$9,440
Gross Scheduled Income
$113,280
Vacancy Rate
5
Gross Adjusted Income
$107,616
Annual Taxes
$16,394
Tax Year
2018
Insurance Expense
$3,500
W/S/G Expenses
$13,578
Total Expenses
$45,780
Net Operating Income
$61,916
Gross Rent Multiplier
47
Cap Rate
2

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
849
Unit 1 Rent
$1,175
Unit 2 Beds
2
Unit 2 Baths
3.00
Unit 2 Size
2093
Unit 2 Rent
$2,800
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
1011
Unit 3 Rent
$1,495
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
1041
Unit 4 Rent
$1,495
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
1557
Unit 5 Rent
$1,995
Unit 6 Baths
1.00
Unit 6 Size
476
Unit 6 Rent
$725
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