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    402 N Sheridan Avenue

    Tacoma, WA 98403
    • $1,650,000
    • STATUS: Pending
    • ON SITE: 11 days
    • ID#: 1805294
    Under Contract
    UPDATED: 25 min ago
    $1,650,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1901
    County:
    Area:

    School Ratings & Info

    School District:
    Listing Courtesy of Home Team Northwest.

    Description

    Beautiful turn of the century historical landmark, the Murray House is a 10 unit apartment building in North Tacoma. Classic architecture with long term tenants and solid financials, this is a great investment to add to your portfolio. Includes 2 studios, 6 one bedroom units and 2 two bedroom units over five floors, an inviting lobby highlighting the beauty of this building, basement with coin operated laundry and tons of storage space, this building also has updated electrical panels and meters, newer hot water tanks, restored hardwood floors, three units with private decks, and five parking spaces. Tenants pay own electric, including baseboard heat. Steady cashflow in a great neighborhood of consistently increasing value.

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    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 NextHome South Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-26T00:14:52.61.

    www.nexthomesouthsound.com/homes/119316643
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    402 N Sheridan Avenue Tacoma, WA 98403

    • Price: $1,650,000
    • Status: Pending
    • Updated: 25 min ago
    • ID#: 1805294
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    1901
    Built
    Neighborhood:
    North Tacoma
    County:
    Pierce
    Area:
    North Tacoma
    School District:
    Tacoma
    Property Description
    Beautiful turn of the century historical landmark, the Murray House is a 10 unit apartment building in North Tacoma. Classic architecture with long term tenants and solid financials, this is a great investment to add to your portfolio. Includes 2 studios, 6 one bedroom units and 2 two bedroom units over five floors, an inviting lobby highlighting the beauty of this building, basement with coin operated laundry and tons of storage space, this building also has updated electrical panels and meters, newer hot water tanks, restored hardwood floors, three units with private decks, and five parking spaces. Tenants pay own electric, including baseboard heat. Steady cashflow in a great neighborhood of consistently increasing value.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features StoneWood Lot Features Corner LotCurbsSidewalk Open Parking Spaces 5 Open Parking YN Yes Parking Total 5 Parking Uncovered Spaces 5 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

    Interior Features

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

    Property Features

    Electric Expense 2077 Electric On Property YN False Fuel Expense 1412 Gross Scheduled Income 157560 Insurance Expense 5535 Irrigation Water Rights YN No Leased Items Washer/Dryer Listing Terms Cash OutConventional Net Operating Income 106123 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvDeck Special Listing Conditions None Tax Annual Amount 13949 Tax Year 2021 Total Expenses 79861 Units In Building Total 10 Utilities Cable ConnectedSewer ConnectedElectricity Available Water Sewer Garbage 8758 Water Source Public Zoning Class Multi-Family Zoning Jurisdiction City

    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 NextHome South Sound 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 NextHome South Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-26T00:14:52.61.

     
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    NextHome South Sound
    1570 Wilmington Dr., Suite 200
    DuPont WA, 98327
    Listing Courtesy of Home Team Northwest.