Skip To Content

    10412 7th Street E

    Edgewood, WA 98372
    • $1,300,000
    • STATUS: Active
    • ON SITE: 75 days
    • ID#: 1744622
    UPDATED: 29 min ago
    $1,300,000
    • 0
      BEDS
    • 0.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1982
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Redfin Corp..

    Description

    Rare Edgewood 4plex investment opportunity! Long-term quality tenants, the building is well maintained and cared for. All 4 units have their own garage + additional parking. Each unit boasts a private backyard combined with private walkways + well-manicured landscaping that creates the feeling of a single-family home in a welcoming community. Great location near major commuting highways and close to endless amenities. Over a 4.5% cap rate potential, this is a perfect opportunity to invest in a stable multi-family cash-flowing property with substantial growth opportunity as Pierce county continues to be one of the fastest-growing areas in WA. Don't let this one go! Please do not disturb tenants.

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-13T13:14:07.363.

    www.home4investment.com/homes/115575354
    Print Image

    10412 7th Street E Edgewood, WA 98372

    • Price: $1,300,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: 1744622
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    1982
    Built
    Neighborhood:
    Edgewood
    County:
    Pierce
    Area:
    Edgewood
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Fife
    Property Description
    Rare Edgewood 4plex investment opportunity! Long-term quality tenants, the building is well maintained and cared for. All 4 units have their own garage + additional parking. Each unit boasts a private backyard combined with private walkways + well-manicured landscaping that creates the feeling of a single-family home in a welcoming community. Great location near major commuting highways and close to endless amenities. Over a 4.5% cap rate potential, this is a perfect opportunity to invest in a stable multi-family cash-flowing property with substantial growth opportunity as Pierce county continues to be one of the fastest-growing areas in WA. Don't let this one go! Please do not disturb tenants.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 4 Exterior Features Wood Lot Features Cul-De-SacSecluded Open Parking Spaces 8 Open Parking YN Yes Parking Total 12 Parking Uncovered Spaces 8 Roof Tile Structure Type Quadruplex Style Code 54 - 4-Plex View YN No Waterfront YN No

    Interior Features

    Fireplace YN No Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

    Property Features

    Association Fee 0 Association Fee Frequency Annually Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 75900 Insurance Expense 1200 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 58648 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Sub Type Multi-Family Sewer Septic Tank Site Features Cable TvFenced-PartiallyHigh Speed InternetPatio Special Listing Conditions None Tax Annual Amount 10584 Tax Year 2021 Total Expenses 17252 Units In Building Total 4 Utilities Cable ConnectedHigh Speed InternetSepticElectricity Available Water Sewer Garbage 3468 Water Source Public Zoning Class Multi-Family

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Ben Kinney Real Estate Team - Keller Williams Western Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-13T13:14:07.363.

     
    https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1744622-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1744622-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1744622-1.jpg
    Logo
    Ben Kinney Real Estate Team - Keller Williams Western Realty
    2211 Rimland Drive Suite 124
    Bellingham WA, 98226
    Listing Courtesy of Redfin Corp..