Listing Courtesy of:

Northwest MLS / Windermere Chambers Bay / Greg Stock

$3,400,000

10,404

SQFT

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4318 S Puget Sound Avenue Tacoma, WA 98409

Pending (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

Wall to Wall Carpet
Ductless Hp-Mini Split

Subdivision

South Tacoma

Lot Information

Paved

Property Features

Cable Tv
Foundation: Poured Concrete

Flooring

Carpet
Vinyl Plank

Exterior Features

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

Utility Information

Sewer: Sewer Connected
Fuel: Natural Gas, Electric

School Information

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

Additional Listing Info

Selling Office Commission: 2

Location

Map View | Street View

Listing to Address

Address to Listing

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Listing Price History

Date

Event

Price

% Change

$ (+/-)

Jan 24, 2023

Price Changed

$3,400,000

-4%

-150,000

Jan 04, 2023

Original Price

$3,550,000

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer: Based on information submitted to the MLS GRID as of 2023 3/25/23 13:22. 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.