505 N L St Tacoma, WA 98403
Listing Courtesy of:Northwest MLS / Windermere Professional Partners / Brent Tornquist
$1,385,000
5
BED
4
BATH
5,100
SQFT
  505 N L St Tacoma, WA 98403
Active (4 Days)

Comments

A rare opportunity to invest in a North Tacoma fourplex. Tons of original charm. Great curb appeal. Main floor is a large 2 bedroom unit with wood floors and gorgeous built ins. Floor two has a 2 bed unit plus a Studio apartment, both completely updated. Fresh paint, gleaming floors and amazing kitchens. The Basement has a common area for laundry and storage plus a beautiful 1 bed apartment. Even the two car garage has rental potential to hospital employees, current tenants or local residents. Currently garage is used for owner's personal storage. Fenced backyard has an entertaining patio and gardens. Overall, 6 off-street parking spaces, new exterior paint & roof. Potential of an easy 5+ cap rate. Easy access to Light Rail & Multicare.

MLS #:
1852817
Taxes
$7,495(2021)
Lot Size
6,500 SQFT
Type
Multifamily
Year Built
1922
Style
54 - 4-Plex
School District
Tacoma
County
Pierce County
Community
North Tacoma
Bathroom Details
Lot Information
  • Sidewalk
  • Curbs
  • Alley
Property Features
  • Patio
  • High Speed Internet
  • Gas Available
  • Fenced-Fully
  • Cable Tv
  • Foundation:Poured Concrete
Heating and Cooling
  • Wall
  • Forced Air
Flooring
  • Laminate
  • Hardwood
Exterior Features
  • Wood Products
  • Wood
  • Roof:Composition
Utility Information
  • Utilities:Public
  • Sewer:Sewer Connected
  • Energy:Natural Gas, Electric
Additional Listing Info
  • Selling Office Commission:2.5
Location
   
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Estimated Monthly Mortgage Payment

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

Listing price
Down payment
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Interest rate
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Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.