315 N L Street, Tacoma, WA 98403

$1,499,950
4,992
SqFt

Listing courtesy of COMPASS.

List Price
$1,499,950
Status
ACTIVE
MLS#
2198854
Days on Market
21
Style
54 - 4-Plex
Finished SqFt
4,992
Area Total SqFt
4992
Annual Tax Ammount
9178
Lot Size (sq ft)
6,500
Sewer
Sewer Connected

Property Description

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

Additional Information

List Date
2024-02-10 01:03:10
Community
Stadium District
Net Operating Income
$75,120
Gross Adjusted Income
$75,120
Gross Scheduled Income
$89,520
Insurance Expenses
$3,147
Water/Sewer/Garbage Expenses
$4,968
Gross Rent Multiplier
19.9
Total Expenses
$23,954
Cap Rate
5
Total Number of Units
4
Unit Name
315
Potential Terms
Cash Out, Conventional, FHA
Year Built
1910
Roof
Composition, Metal
Site Features
Cable TV, Fenced-Partially, Gas Available, High Speed Internet
Electric Expenses
1920
Other Expenses
2040
Energy Source
Electric, Natural Gas
School District
Tacoma
Gross Scheduled Income
$89,520
Gross Adjusted Income
$75,120
Tax Year
2023
Insurance Expense
$3,147
W/S/G Expenses
$4,968
Total Expenses
$23,954
Net Operating Income
$75,120
Gross Rent Multiplier
19.9
Cap Rate
5
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