2825 S Delin, Tacoma, WA 98402

$5,280,000

Listing courtesy of Berkshire Hathaway HS NW. Selling Office: .

Sold Price
$5,280,000
List Price
$5,700,000
Status
SOLD
MLS#
373264
Closing Date
Apr 05, 2013
Days on Market
287
Style
56 - 10+ Units
Building Condition
Very Good

Property Description

Amazing views of the city and Commencement bay. This 40 unit apartment building is pristine in every manner of the word. This complex is one of the best maintained anywhere. Beautiful landscaping with waterfalls is what greets you as you enter the managers office. 16 carport 8 garages. This building has been condominiumized. Each unit has it's own parcel number for an easy condo conversion.

Additional Information

List Date
2012-06-22 00:00:00
Community
Tacoma
Property Type
MULT
Units
40
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
2001
Total Parking
68
Uncovered Parking
45
View
City, Mountain, Sound
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Deck, Disabled Access, High Speed Internet
Lot Details
Corner Lot, Curbs, Paved Street, Sidewalk
School District
Tacoma
Total Monthly Income
$5,400
Gross Scheduled Income
$402,373
Vacancy Rate
3
Gross Adjusted Income
$382,254
Annual Taxes
$12,754
Tax Year
2011
Insurance Expense
$8,364
W/S/G Expenses
$5,442
Total Expenses
$49,685
Net Operating Income
$332,569
Gross Rent Multiplier
17
Cap Rate
5.11

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
2.00
Unit 1 Size
835
Unit 1 Rent
$900

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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