11905 Park Avenue S in Tacoma
| Listing ID: | 2588383 (Multi-Family) |
|---|---|
| Listing Price: | $749,000 |
| Days on Market: | 22 |
Details | |
| Bed / Bath: | 0.00 / 0.00 |
| Lot Size: | 0.23 acre (10,000 sqft) |
They said the "1% Rule" was impossible - but this Parkland rental delivers! This large corner-lot home is split into 3 separate living suites, each with its own kitchen & laundry: a 6-bed/2-bath suite, & two 3-bed/1-bath suites. Renovated to the studs in 2017 & capped with a new 2026 roof & sheeting. Built to last with full insulation, all new plumbing lines, tankless water heater, LVP + laminate flooring, & electric heat w/ thermostats. Sold fully furnished, mostly occupied, & systemized for immediate cashflow! Favorite tenant upgrades include a large covered patio, fenced & level backyard with a large storage shed, plus abundant off-street parking for 10+ cars & an EV hookup. Ask the listing agent for ROI spreadsheets showing $ 1,850 in monthly cashflow after conservative accounting for vacancy, reserves & actual expenses! Great location: walk to major commuter buses, Pacific Lutheran University (PLU), Sushi Burrito & other Garfield Street cafes. Easily hop on SR-512 and I-5 freeways for nearby JBLM, Tacoma, & Seattle. Investments like this don't come often! Message listing agent for room-rental lender recommendations.
This listing is provided courtesy of NWMLS.
Listing Broker: COMPASS; Michael Haas.
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