5701 McKinley Avenue
Tacoma,
WA $410,000
Wonderful cash flowing duplex with under priced rents in easy to lease location. Each unit has 2 bed 1 bath with private 1 car garage. One side recently updated. Long term tenants both on month to month lease agreements.
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Listing ID1797727
Sold For$410,000
StatusClosed
Sold Date8/26/2021
SqFt
1,440
Acres
0.138
CountyPierce
SubdivisionMcKinley
Year Built1950
Property TypeResidential Income
Property Sub TypeMulti-Family
County
Pierce
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
McKinley
Year Built
1950
Building Area Units
Square Feet
Flooring
Vinyl, Carpet
Furnished
Unfurnished
Heating Cooling Type
Forced Air
Living Area Units
Square Feet
Stories Total
1
Covered Spaces
2
Elevation Units
Feet
Exterior Features
Cement/Concrete
Foundation Details
Slab
Lot Features
Paved, Sidewalk
Lot Size Square Feet
6000
Lot Size Units
Square Feet
MLS Lot Size Source
Realist
Number Of Units Total
2
Open Parking Spaces
2
Parking Total
4
Parking Uncovered Spaces
2
Roof
Composition
Sewer
Sewer Connected
Sewer Company
Tpu
Structure Type
Duplex
Style Code
52 - Duplex
Units Below Grade
false
Units In Building Total
2
Utilities
Cable Connected, Natural Gas Available, Sewer Connected, Electricity Available, Natural Gas Connected
Water Company
Tpu
Water Sewer Garbage
2750
Water Source
Public
Building Area Total
1440
Country
US
Elementary School
Buyer To Verify
High School
Buyer To Verify
High School District
Tacoma
Middle Or Junior School
Buyer To Verify
MLS Area Major
61 - Southeast Tacoma
View
Territorial
Waterfront
no
Zoning Class
Multi-Family
Zoning Jurisdiction
City
Amenities
Thermal Windows
Effective Year Built Source
Public Records
First Right Of Refusal
no
Green Energy Efficient
Thermal Windows
Mls Status
Sold
Offers
Seller intends to review offers upon receipt
Possible Use
Multi-Family
Power Company
Tpu
Power Production Type
Electric, Natural Gas
Preliminary Title Ordered
yes
Property Condition
Good
Show Map Link
yes
Site Features
Cable TV, Gas Available
Year Built Effective
1950
Association Fee Frequency
Annually
Buyer Financing
Conventional
Cap Rate
5.4
Gross Adjusted Income
30000
Gross Rent Multiplier
16
Gross Scheduled Income
29400
Insurance Expense
1207
Leasable Area
1440
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
22510
Possession
Tenant's Rights
Sale Type
MLS
Seller Disclosure
Provided
Special Listing Conditions
None
Tax Annual Amount
3533
Tax Year
2021
Total Expenses
7490
Total Monthly Income
2450
Schedule a Showing - Listing ID 1797727
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Schedule a Showing - Listing ID 1797727
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