3403 N 26th Street
Tacoma, WA 98403
2200 sqft | 0.11 acres | #2256139
Description
This unique opportunity allows a new investor to acquire an irreplaceable and charming 5-unit asset in North Tacoma's desirable Proctor District, with the advantage of seller secondary financing at two percent interest-only payments for qualified buyers. Currently, the average rent at Proctor Manor is $757 per unit. With market comparables supporting an average rent of $1,372 per unit, a new investor can capture over 81% rental upside during the proposed three-year holding period. Tenants are not being billed back for water, sewer, and garbage. A new owner can capture additional income by implementing a ratio utility billing system (RUBS) for water, sewer, and garbage.
Property Details
- Exterior MaterialsWood Products
- Stories2
Measurements
- Acres0.1125
- Square Feet2200
Construction Details
- Style55 - 5-9 Units
- Property TypeMulti-Family
Condition
- Year Built1910
Material information
- FoundationBlock
Utilities / Energy Details
- Sewer InformationAvailable
Community and Neighborhood Details
- SubdivisionProctor
Location
- School DistrictTacoma
- CountyPierce
Financial Details
- Original List Price$825,000
- Taxes Annual$8,727
- Days on Market (Cumulative)32
Other
- MLS #2256139
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-09-23 00:00:00. 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.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Gabe Blake (#NWM146115)
Listing Office: Blake Investment Advisors (#NWM7913)
Listing Courtesy (Buyer)
Buyer's Agent: Jeff Pollock (#NWM105650)
Buyer's Office: Skyline Properties, Inc. (#NWM940)
