3941 Mason Loop Rd

—
Beds
—
Baths
3,696 Sq. Ft.
$210 / Sq. Ft.
3,696
Sq. Ft.
$210
per Sq. Ft.

Description

Well maintained 4plex in Tacoma's Madrona neighborhood is a great investment opportunity. Steady long term tenants with rents poised to increase (currently under market value). The spacious 2 bedroom, 1.5 bath, units also feature a 1 car garage making these units highly desirable. Property features new siding & decks as well as a newer roof & gutters (2017). Unit A has been updated and features a new kitchen additionally the fireplaces in each unit have been recently removed for additional safety....Well maintained 4plex in Tacoma's Madrona neighborhood is a great investment opportunity. Steady long term tenants with rents poised to increase (currently under market value). The spacious 2 bedroom, 1.5 bath, units also feature a 1 car garage making these units highly desirable. Property features new siding & decks as well as a newer roof & gutters (2017). Unit A has been updated and features a new kitchen additionally the fireplaces in each unit have been recently removed for additional safety. Units have W/D hookups and W/D appliances are tenant owned. Storage units are currently rented for additional income. Easy access to Hwy 16 & I5.
  1. Listed by Nicolas Lind • Commencement Bay Brokers LLC
    P: (253)-851-2897 nic@commencementbrokers.com
  2. Listed by Merac Crawford • Commencement Bay Brokers LLC
    P: (253)-851-2897 Merac@mondaure.com

Property Details for 3941 Mason Loop Road

Community Name
South Tacoma
School District
Tacoma
View
City
Number of Assigned Spaces
12
Total Covered Parking
4
Entry Date
01-28-2021
Sewer
Sewer Connected
LISTING CLOSED: 03/03/2021 12:00 AM

Property Details for 3941 Mason Loop Road

StatusSold
MLS #1722448
Days on Market2
Cumulative Days on Market2
Taxes$6,932 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1979
Lot Size0.20 AC / 8,800 SF
CountyPierce County

Location

Listing Courtesy of Commencement Bay Brokers LLC

Sold By Coldwell Banker Bain

Add your commute

Building Information for 3941 Mason Loop Road

Stories2Residences4Year Built1979Building Size-Lot Size0.20 AC / 8,800 SF

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$4,455 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,877

Property Taxes

$578

HOA Dues

$0

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Property Information for 3941 Mason Loop Road

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Deck, High Speed Internet
  • Area: 45 - South Tacoma
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Effective Year Built Source: Public Records
  • Directions: From I-5 take the 56th Street exit. Head West on 56th to Tyler St. North on Tyler to 40th St. West on 40th, 40th becomes Mason Loop. Property located on West side of loop.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2020
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 8.0
  • Open Parking: Yes
Virtual Tour
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Amenities: Playground,Storage,Thermal Windows
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water Source: See Remarks
  • Water/Sewer/Garbage: 5400
  • Power Company: TPU
  • Sewer Company: TPU
  • Water Company: TPU
  • Power Production Type: Electric
  • Utilities: High Speed Internet, Sewer Connected, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1988
  • Photos Count: 16
Lot Information
  • Lot Details: Cul-De-Sac
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 555400-012-0
  • Building Condition: Average
  • Calculated Square Footage: 3696
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3696.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 8
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 13332
  • Gross Adjusted Income: 56640
  • Gross Rent Multiplier: 13
  • Gross Scheduled Income: $56,640
  • Insurance Expense: $1,000
  • Net Operating Income: $43,308
  • Other Expenses: $0
  • Total Monthly Income: 4720
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3728.0
  • Leasable Area Units: Square Feet

Property History for 3941 Mason Loop Road

DateEvent & SourcePriceAppreciation
Mar 3, 2021

Sold

NWMLS #1722448

$778,000—
Mar 1, 2021

Sold (Public Record)

Public Record #1452859783

$778,000—
Mar 1, 2021

Sold (Public Record)

Public Record #1452253788

$778,000

+7.6% / yr

DateEvent & SourcePrice
03/03/2021

Sold

NWMLS #1722448

$778,000
03/01/2021

Sold (Public Record)

Public Record #1452859783

$778,000
03/01/2021

Sold (Public Record)

Public Record #1452253788

$778,000

+7.6% / yr

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

Public Records for 3941 Mason Loop Road

Taxable ValueLand$212,000Additions$678,100Total$890,100
Tax Record2025$9,948 ($829 / month)
Home Facts
Baths6Total Finished SqFt3,696 SqFtAbove Ground SqFt3,696 SqFtStories2Lot Size8,800 SqFtStyleQuadraplexYear Built1979Year Renovated1994ZoningR3CountyPIERCEAPN555400-0-120

Schools near 3941 Mason Loop Road

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 - 9 to 12
Rating
School
Distance
Whittier Elementary School
PublicPK to 3

Wainwright Intermediate School
Public4 to 8

Foss High School
Public9 to 12

Oakland High School
Public9 to 12

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 Commencement Bay Brokers LLC

Based on information submitted to the MLS GRID as of 09/05/2024 05:42 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.