5032 S 58th ST new to site Save Request In-Person Tour Request Virtual Tour
Tacoma,WA 98409
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,435 sqft
Price per Sqft $131
Subdivision South Tacoma
MLS Listing ID 2335153
Style 54 - 4-Plex
Bedrooms 8
HOA Fees $50/ann
Year Built 1978
Annual Tax Amount $8,216
Lot Size 0.364 Acres
Property Sub-Type Multi-Family
Property Description
Solid Fourplex located in Orchard Glen Estates. Value-Add Opportunity with rents well below market rates. Units are ~900SF, 2bed/1bath; upper have balconies, lower have patios & large back yards. Shared laundry facility in basement. New roof in 2019. This building uniquely features an ~1,800SF basement with full-height ceilings, offering exceptional versatility & additional income potential—rent out as storage, workshop, or maybe convert to more unit(s)? Unit D left vacant for showings; ABC tenants are very long term, month to month with no rent increases in several years. 1/3 Acre Lot. Quiet cul-de-sac location w/ convenient access to I-5 & JBLM. 8.7% Cap Rate @ Market Rents. Competitively priced to sell!
Location
State WA
County Pierce
Area 45 - South Tacoma
Interior
Flooring Vinyl,Carpet
Exterior
Exterior Feature Wood,Wood Products
View Y/N Yes
View Territorial
Roof Type Flat,Torch Down
Building
Lot Description Cul-De-Sac
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Tacoma
Others
Acceptable Financing Cash Out,Conventional,FHA,VA Loan
Listing Terms Cash Out,Conventional,FHA,VA Loan