Property Details

MLS #
1973138
Beds
5
SqFt
4,079
Baths
2
Price
$550,000

Listing Description

Incredible opportunity for income growth & sweat equity w/this multi-family diamond in the rough w/nearly a 6% Cap Rate! Tremendous upside for additional income. Recently appraised at $650,000. Existing renters producing attractive monthly income allow for you to update the exterior of the property & develop the basement into addt'l possible units w/nearly 1,500 additional sq ft of space turning this into a cash factory! Unit 1 is 2 bdrms, 1 bath, 1,141 sq ft, includes Stove, Fridge & Washer/Dryer & rents for $1,600 p/month, Unit 2 is 3 bdrms, 1 bath, 1,469 sq ft, includes Stove, Fridge & Washer/Dryer & rents for $2,000 p/month. Situated on a corner lot, conveniently located to all amenities. An opportunity like this does not come often.

Listing Location

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1321 S 13th St

MLS # 1973138   $550,000

Listing by

Harber Home Group

Keller Williams Tacoma

 

Ph: 253-256-1556  Fax: 253-460-8650

7525 28th St W, University Place, WA 98466

Listing Agent
Matt Harber
(253) 256-1556