3901 Mason Loop Rd, Unit AD

Beds
Baths
3,568 Sq. Ft.
$151 / Sq. Ft.
3,568
Sq. Ft.
$151
per Sq. Ft.

Description

Great investment opportunity. Very well maintained 4-plex in Tacoma. 4 large 2 bedrooms, 1 bath units with stacking W/D in each. Newer Exterior Paint, New Carport and New Windows. Leaving little to worry about in the near future. Immediate rental upside! Rare opportunity performing at a 6% Cap rate.Great investment opportunity. Very well maintained 4-plex in Tacoma. 4 large 2 bedrooms, 1 bath units with stacking W/D in each. Newer Exterior Paint, New Carport and New Windows. Leaving little to worry about in the near future. Immediate rental upside! Rare opportunity performing at a 6% Cap rate.
  1. Listed by Bart Chmielewski • Windermere Real Estate/PSK Inc
    P: (425)-433-6974 mynwrealty@gmail.com

Property Details for 3901 Mason Loop Road, Unit AD

Community Name
Tacoma
School District
Tacoma
View
Territorial
Number of Assigned Spaces
4
Total Covered Parking
0
Entry Date
05-19-2019
Sewer
Sewer Connected
LISTING CLOSED: 07/19/2019 12:00 AM

Property Details for 3901 Mason Loop Road, Unit AD

StatusSold
MLS #1456380
Days on Market2
Cumulative Days on Market2
Taxes$5,707 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1979
Lot Size0.25 AC / 11,020 SF
CountyPierce County

Location

Listing Courtesy of Windermere Real Estate/PSK Inc

Sold By Gateway Real Estate

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Building Information for 3901 Mason Loop Road, Unit AD

Stories2Residences4Year Built1979Building Size-Lot Size0.25 AC / 11,020 SF

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Principal and Interest

$2,691

Property Taxes

$476

HOA Dues

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Property Information for 3901 Mason Loop Road, Unit AD

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Deck, Fenced-Fully, Patio
  • Area: 45 - South Tacoma
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Directions: From S Tyler St, Head West on E 40th St, Right onto S Mason, Property is on your right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2018
Parking
  • Number of Carport Spaces: 4.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Virtual Tour
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood Products
  • Roof: Composition, Torch Down
  • Security Features: PartiallyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 5387
  • Power Production Type: Electric
  • Utilities: Cable Connected, Sewer Connected, Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Photos Count: 20
Lot Information
  • Lot Size Source: Realist
  • Parcel Number Free Text: 5554000020
  • Building Condition: Good
  • Calculated Square Footage: 3568
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3568.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 2
  • Unit Number: A-D
  • Vacancy Rate: 3
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 12403
  • Gross Adjusted Income: 42000
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: $42,000
  • Insurance Expense: $1,309
  • Net Operating Income: $29,587
  • Other Expenses: $0
  • Total Monthly Income: 3500
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3568.0
  • Leasable Area Units: Square Feet

Property History for 3901 Mason Loop Road, Unit AD

DateEvent & SourcePriceAppreciation
Jul 19, 2019

Sold

NWMLS #1456380

$540,000
May 21, 2019

Pending

NWMLS #1456380

May 19, 2019

Listed (Active)

NWMLS #1456380

$500,000
DateEvent & SourcePrice
07/19/2019

Sold

NWMLS #1456380

$540,000
05/21/2019

Pending

NWMLS #1456380

05/19/2019

Listed (Active)

NWMLS #1456380

$500,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 3901 Mason Loop Road, Unit AD

This home is within Tacoma School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Whittier Elementary School
PublicPK to 3

Wainwright Intermediate School
Public4 to 8

Foss High School
Public9 to 12

Tacoma Online Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Windermere Real Estate/PSK Inc

Based on information submitted to the MLS GRID as of 09/05/2024 05:39 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.