3403 N 26th Street
Tacoma, WA 98403
2200 sqft | 0.11 acres | #2256139
Description
This unique opportunity allows a new investor to acquire an irreplaceable and charming 5-unit asset in North Tacoma's desirable Proctor District, with the advantage of seller secondary financing at two percent interest-only payments for qualified buyers. Currently, the average rent at Proctor Manor is $757 per unit. With market comparables supporting an average rent of $1,372 per unit, a new investor can capture over 81% rental upside during the proposed three-year holding period. Tenants are not being billed back for water, sewer, and garbage. A new owner can capture additional income by implementing a ratio utility billing system (RUBS) for water, sewer, and garbage.
Property Details
- Exterior MaterialsWood Products
- Stories2
Measurements
- Acres0.1125
- Square Feet2200
Construction Details
- Style55 - 5-9 Units
- Property TypeMulti-Family
Condition
- Year Built1910
Material information
- FoundationBlock
Utilities / Energy Details
- Sewer InformationAvailable
Community and Neighborhood Details
- SubdivisionProctor
Location
- School DistrictTacoma
- CountyPierce
Financial Details
- Original List Price$825,000
- Taxes Annual$8,727
- Days on Market (Cumulative)37
Other
- MLS #2256139
Legal
Disclaimer: The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - 21 - WA and should be verified by the buyer.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Gabe Blake (#NWM146115)
Listing Office: Blake Investment Advisors (#NWM7913)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.