For more information on this listing, please contact...
Better Properties North Proctor
253-761-8888
Email
  • Listing #:
    • 1345029
  • Price:
    • $2,200,000
  • Status:
    • Pending
  • Property Type:
    • Multi-Family
  • Type:
    • 10+ Units
  • # of Units:
    • 16
  • # of Acres:
    • 0.29
  • Lot Sq.Ft.:
    • 12,500
  • Year Built:
    • 1981
  • School Dist:
    • Tacoma
  • Address:
    • 701 S 7th St
  • Community:
    • Tacoma
  • City:
    • Tacoma
  • County:
    • Pierce
  • State:
    • WA
  • Zip:
    • 98405
  • Terms:
    • Cash Out, Conventional
  • Right of 1st Refusal:
    • No
QR Code

Description
Location, Location, Location!!! The Wright Park Court Apartments Are A 16 Unit Apartment Building Situated In A Prime Tacoma Location. Walking Distance To Wright Park, Stadium District, Tacoma General, And Downtown Tacoma. The Property Consists Of 2 - 8 Unit Buildings With 15 - 2 Bed And 1 - 1 Bed Apt Of Approximately 650 Sq Ft Each. Rents Range From $650 To $900 Per Month. New Windows And Insulation In 2013. Long Time Family Owned Building. Superb Long Term Investment Prospects.
Property Features
  • Unit 1
    • Rent Unit 1:
      • - $675.00
    • Square Feet Unit 1:
      • - 650.00
    • Bedrooms Unit 1:
      • - 2
    • Bathrooms Unit 1:
      • - 1.00
    • Refrigerator Unit 1:
      • - Yes
    • Range/oven Unit 1:
      • - Yes
    • Dishwasher Unit 1:
      • - Yes
    • Washer/dryer Unit 1:
      • - No
  • Unit 2
    • Rent Unit 2:
      • - $900.00
    • Square Feet Unit 2:
      • - 650.00
    • Bedrooms Unit 2:
      • - 2
    • Bathrooms Unit 2:
      • - 1.00
    • Refrigerator Unit 2:
      • - Yes
    • Range/oven Unit 2:
      • - Yes
    • Dishwasher Unit 2:
      • - Yes
    • Washer/dryer Unit 2:
      • - No
  • Unit 3
    • Rent Unit 3:
      • - $700.00
    • Square Feet Unit 3:
      • - 650.00
    • Bedrooms Unit 3:
      • - 2
    • Bathrooms Unit 3:
      • - 1.00
    • Refrigerator Unit 3:
      • - Yes
    • Range/oven Unit 3:
      • - Yes
    • Dishwasher Unit 3:
      • - Yes
    • Washer/dryer Unit 3:
      • - No
  • Unit 4
    • Rent Unit 4:
      • - $775.00
    • Square Feet Unit 4:
      • - 650.00
    • Bedrooms Unit 4:
      • - 2
    • Bathrooms Unit 4:
      • - 1.00
    • Refrigerator Unit 4:
      • - Yes
    • Range/oven Unit 4:
      • - Yes
    • Dishwasher Unit 4:
      • - Yes
    • Washer/dryer Unit 4:
      • - No
  • Unit 5
    • Rent Unit 5:
      • - $995.00
    • Square Feet Unit 5:
      • - 650.00
    • Bedrooms Unit 5:
      • - 2
    • Bathrooms Unit 5:
      • - 1.00
    • Refrigerator Unit 5:
      • - Yes
    • Range/oven Unit 5:
      • - Yes
    • Dishwasher Unit 5:
      • - Yes
    • Washer/dryer Unit 5:
      • - No
  • Unit 6
    • Rent Unit 6:
      • - $825.00
    • Square Feet Unit 6:
      • - 650.00
    • Bedrooms Unit 6:
      • - 2
    • Bathrooms Unit 6:
      • - 1.00
    • Refrigerator Unit 6:
      • - Yes
    • Range/oven Unit 6:
      • - Yes
    • Dishwasher Unit 6:
      • - Yes
    • Washer/dryer Unit 6:
      • - No
  • Building Details
    • # Of Stories In Building:
      • - 2
    • Units Below Grade:
      • - No
    • Amenities:
      • - Coin Op Laundry
      • - Thermal Windows
    • Building Condition:
      • - Very Good
    • Floor Covering:
      • - Laminate Hardwood
      • - Vinyl
      • - Wall To Wall Carpet
    • Heating And Cooling:
      • - Wall
  • Misc Details
    • Form 17:
      • - Provided
    • Leased Items:
      • - None
  • Tax Details
    • Tax Amount:
      • - $15,670.00
    • Tax Year:
      • - 2017
  • Finance Details
    • Gross Rent Multiplier:
      • - 15
    • Vacancy Rate:
      • - 5
    • Cap Rate - Noi Div Lp:
      • - 4.00
  • Income
    • Gross Adjusted Income:
      • - $132,810.00
    • Gross Scheduled Income:
      • - $139,800.00
    • Net Operating Income:
      • - $88,484.00
    • Total Monthly Income:
      • - $11,935.00
  • Expenses
    • Insurance Expenses:
      • - $1,640.00
    • Water / Sewer / Garbage:
      • - $17,571.00
    • Other Expenses:
      • - $8,048.00
    • Total Expenses:
      • - $42,929.00
    • Total Expenses:
      • - $42,929.00
  • Construction Details
    • Exterior:
      • - Wood
    • Foundation:
      • - Poured Concrete
    • Roof:
      • - Composition
  • Lot Details
    • Project:
      • - Wright Park Court
    • Features:
      • - Alley
      • - Corner Lot
      • - Curbs
      • - Paved Street
      • - Sidewalk
    • Site Features:
      • - Cable Tv
  • Parking
    • Total # Of Parking:
      • - 16
    • # Of Uncovered Spaces:
      • - 16
  • Utilities
    • Energy Source:
      • - Electric
    • Power Company:
      • - Tpu
    • Sewer Company:
      • - Tpu
    • Water Source:
      • - Public
    • Water Company:
      • - Tpu
  • Zoning
    • General Zoning Classification:
      • - Multi-family
    • Zoning Jurisdiction:
      • - City
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For more information on this listing, please contact...
Better Properties North Proctor
253-761-8888
Email

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