📢Apartment Cash Flow! 🏡

Published: Thu, 09/07/17

 
Tacoma 8 Unit
Apartment
100% Occupied
Over 12% Cap Rate(before insurance)
Currently collecting $7750 monthly!
Right next to JBLM
Image
Image
Image

Dear ,

This wonderful 8 unit cash flowing property has:

7 - 2 Bed/1 Bath (975 sqft)
1 - Studio/ 1 Bath (650 sqft)
1 - Laundery Facilty

One tenant currently serves as Maintenance man and receives reduced rent. All tenants have utilities currently included in rent. Utilities switching to tenant responsibility will increase cash flow dramatically.

Gross Rent Rolls -                                                  $7750/mo

Average Utility Monthy Costs(2016-2017)-    $1137

Tacoma, WA Rental Market Trends

Highlights

The average rent for an apartment in Tacoma is $1,106, a 13% increase compared to the previous year, when the average rent was $976.

Studio apartments in Tacoma rent for $909 a month, while 1-bedroom apartments ask on average $1,004 a month; the average rent for a 2-bedroom apartment is $1,171.

Average Rent in Tacoma, WA

Image

$619,000.00

(This is your price, Buyers Agents please tack on your own commission)

(Disclaimer:This is for an off market Assignment)
Craig M
Sincerely,
​​​​​​​
Craig

206-800-7087