Living Area 0
Sewer Sewer Connected
Heating 90%+ High Efficiency Ductless
Cooling 90%+ High Efficiency Central A/C
Possession Closing
Roof Composition
HOA Fee 0
Year Built 2025
Property Subtype Multi Family
Tax Year 2024
Building Name Phoebe's Meadow
County Pierce
Net Operating Income 69540
Insurance Expense 3000
New Construction Y
Property Type Residential Income
HOA N
Subdivision Name Tacoma
Special Listing Conditions None
Status Active
Directions From 512 take the Pacific Ave - Hwy 7 exit left - West on 108th St S right - North on Park Ave S left - West on 102nd St S left - South on Barnes Lane S to community on right.
City Tacoma
Senior Community Y/N N
High School District Franklin Pierce
Open Parking Spaces 0
Number Of Units Total 2
MLS Area 63 - Parkland
Lot Size Units Square Feet
Lot Size Square Feet 7923
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional FHA VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 8000
Electric Expense 2660
Property Condition Under Construction
Public Remarks Rent by the room! Large homesite offering 7 private bedrooms with a full bath 27 cabinet microwave & mini-fridge. Rent each bed to maximize ROI. A pro-forma cap rate of 9% w/ this new construction.
Leasable Area 2504
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company Tacoma Public Utilities
Units Below Grade false
Water Sewer Garbage 3000
Property Style 52 - Duplex
Cap Rate 8.1