Property Photo: 4318 S Puget Sound Avenue WA 98409

Listing Courtesy of:

Northwest MLS / Windermere Chambers Bay / Greg Stock and Bricksfolios Re Solutions

$3,200,000

10,404

SQFT

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4318 S Puget Sound Avenue Tacoma, WA 98409

Sold (94 Days)

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!

MLS #:
2025058

Taxes
$3,363(2022)

Lot Size
9,459 SQFT

Type
Multifamily

Year Built
2022

Style
10+ Units

School District
Tacoma

County
Pierce County

Community
South Tacoma

Bathroom Details

Interior Features

Ductless Hp-Mini Split
Wall to Wall Carpet

Subdivision

South Tacoma

Lot Information

Paved

Property Features

Cable Tv
Foundation: Poured Concrete

Flooring

Carpet
Vinyl Plank

Exterior Features

Cement/Concrete
Wood
Cement Planked
Roof: Flat
Roof: See Remarks

Utility Information

Sewer: Sewer Connected
Fuel: Electric, Natural Gas

School Information

Elementary School: Buyer to Verify
Middle School: Buyer to Verify
High School: Buyer to Verify

Disclaimer: Based on information submitted to the MLS GRID as of 2023 9/30/23 12:45. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.