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3910 Mason Loop Road
Tacoma, Washington WA 98409
Sold For: $739,000
Listing ID 1690816
Status Closed
SqFt 3,248
Acres 0.190
Year Built 1979

Property Description:

Great investment opportunity. Well cared for 4 plex close to playground, schools, shopping, and freeway. Long term tenants. Features include newer roof, exterior paint, covered parking, new vinyl windows, energy efficient insulation, individual storage. Each unit has 2 bed 1bath with covered deck(2nd floor) or huge yards (ground floor)with its own fireplace, washer/ Dryer, all appliances stay. Lots of potential. Secure this property today and gain instant equity!

Primary Features

County: Pierce
Property Sub Type: Multi-Family
Property Type: Residential Income
Subdivision: South Tacoma
Year Built: 1979


Building Area Units: Square Feet
Flooring: Laminate, Vinyl
Furnished: Unfurnished
Heating Cooling Type: Baseboard
Living Area Units: Square Feet
Stories Total: 2


Carport Spaces: 6
Covered Spaces: 8
Elevation Units: Feet
Exterior Features: Wood Products
Foundation Details: Poured Concrete
Lot Features: Dead End Street, Open Space, Paved
Lot Size Square Feet: 8296
Lot Size Units: Square Feet
MLS Lot Size Source: County Records
Number Of Units Total: 4
Open Parking Spaces: 2
Parking Total: 6
Parking Uncovered Spaces: 2
Roof: Composition
Sewer: Sewer Connected
Sewer Company: Tacoma Public Utilities
Structure Type: Quadruplex
Style Code: 54 - 4-Plex
Units Below Grade: false
Units In Building Total: 4
Utilities: Sewer Connected, Electricity Available
Water Company: Tacoma Public Utilities
Water Sewer Garbage: 3649
Water Source: Public


Building Area Total: 3248
Country: US
Elementary School: Whittier
High School: Foss
High School District: Tacoma
Middle Or Junior School: Gray
MLS Area Major: 45 - South Tacoma
Waterfront: no


Amenities: Playground
Effective Year Built Source: Public Records
Mls Status: Sold
Offers: Seller intends to review offers upon receipt
Power Company: Tacoma Public Utilities
Power Production Type: Electric
Preliminary Title Ordered: yes
Property Condition: Good
Year Built Effective: 1988


Buyer Financing: Conventional
Cap Rate: 6
Electric Expense: 557
Gross Rent Multiplier: 13
Gross Scheduled Income: 57600
Insurance Expense: 1079
Leasable Area: 3248
Leasable Area Units: Square Feet
Leased Items: None
Net Operating Income: 44398
Other Expense: 2132
Possession: Closing
Sale Type: MLS
Seller Disclosure: Provided
Special Listing Conditions: None
Tax Annual Amount: 5674
Tax Year: 2020
Total Expenses: 13202
Vacancy Rate: 2

Zoning Info

Area Info

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