4318 South Puget Sound Avenue
4318 South Puget Sound Avenue
Tacoma, WA 98409
$3,200,000
Last Sold Price
18
Beds
21
Baths
10,404 Sq. Ft.
$308 / Sq. Ft.
10,404
Sq. Ft.
$308
per Sq. Ft.
Sold 6/13/23
Sold 6/13/23
Listing provided courtesy of Windermere Chambers Bay, Bricksfolios RE Solutions
Description
New Construction 12 plex with 12 year tax abatement. City will be repaving the entire street and adding sidewalks within a year. All 12 units have washer/dryers, dishwashers & HP mini splits for heat & AC. Property will have two wrought iron gates on front and back entrances prior to sale closing. 6 rentable garage spots & 6 rentable 75 sq ft storage units. Great cash flow & long term asset potential. High quality construction, building will have minimal maintenance and repairs for years to come....New Construction 12 plex with 12 year tax abatement. City will be repaving the entire street and adding sidewalks within a year. All 12 units have washer/dryers, dishwashers & HP mini splits for heat & AC. Property will have two wrought iron gates on front and back entrances prior to sale closing. 6 rentable garage spots & 6 rentable 75 sq ft storage units. Great cash flow & long term asset potential. High quality construction, building will have minimal maintenance and repairs for years to come. 6.34% cap rate is a great deal for new construction!
- Listed by Greg K Stock • Windermere Chambers Bay
Property Details for 4318 South Puget Sound Avenue
Community Name
South Tacoma
School DistrictTacoma
Number of Assigned Spaces6
Total Covered Parking6
Entry Date01-04-2023
Energy SourceElectric,Natural Gas
SewerSewer Connected
Location
Listing Courtesy of Windermere Chambers Bay![]()
Sold By Bricksfolios RE Solutions
Add your commute
LISTING UPDATED: 06/13/2023 03:52 PM
Property Details for 4318 South Puget Sound Avenue
| Status | Sold |
|---|---|
| MLS # | 2025058 |
| Days on Market | 46 |
| Cumulative Days on Market | 94 |
| Taxes | $3,363 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2022 |
| Lot Size | 0.22 AC / 9,459 SF |
| County | Pierce County |
Location
Listing Courtesy of Windermere Chambers Bay![]()
Sold By Bricksfolios RE Solutions
Add your commute
Building Information for 4318 South Puget Sound Avenue
Stories3Residences12Year Built2022Building Size-Lot Size0.22 AC / 9,459 SF
Payment Calculator
$17,744 per month
30 year fixed, 7.25% Interest
Principal and Interest
$17,464
Property Taxes
$280
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 4318 South Puget Sound Avenue
Summary
Location and General Information
- Style: 56 - 10+ Units
- Site Features: Cable TV
- Area: 47 - South Tacoma
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Effective Year Built Source: See Remarks
- Directions: From I-5, take 56th St exit and head west down 56th. North on S Puget Sound, Property will be on left.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 0.0
- Open Parking: No
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Vinyl Plank, Carpet
- Features: Ductless HP-Mini Split, Wall to Wall Carpet
- New Construction: Completed
- Cooling: Yes
- Fireplace: No
- Heating: Yes
- FIRPTA: No
Exterior Features
- Exterior: Cement/Concrete, Cement Planked, Wood
- Roof: Flat, See Remarks
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 18600
- Power Company: TPU
- Sewer Company: TPU
- Water Company: TPU
- Power Production Type: Electric, Natural Gas
Property and Assessments
- New Construction YN: Yes
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- Estimated Completion Date: 2022-10-14
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 2022
- Photos Count: 19
Lot Information
- Lot Details: Paved
- Lot Size Source: Tax Records
- Parcel Number Free Text: 2890000863
- Building Condition: Very Good
- Calculated Square Footage: 10404
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 10404.0
- 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: 3
- Vacancy Rate: 5
- Number Of Units Total: 12
- Units Below Grade: false
- Units In Building Total: 12
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 32956
- Gross Adjusted Income: 254790
- Gross Rent Multiplier: 13.22
- Gross Scheduled Income: $268,200
- Insurance Expense: $4,993
- Net Operating Income: $221,834
- Other Expenses: $6,000
- Total Monthly Income: 22370
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1A
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 450
- Rent Unit 1: $1,425.00
- Bedrooms Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 1B
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 1150
- Rent Unit 2: $2,100.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 3
Unit 3
- Name Unit 3: 2A
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 450
- Rent Unit 3: $1,425.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 2B
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 1150
- Rent Unit 4: $2,100.00
- Bedrooms Unit 4: 2
- Bathrooms Unit 4: 3
Unit 5
- Name Unit 5: 3A
- Washer/Dryer Unit 5: true
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: true
- Square Feet Unit 5: 450
- Rent Unit 5: $1,270.00
- Bedrooms Unit 5: 1
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 3B
- Washer/Dryer Unit 6: true
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: true
- Square Feet Unit 6: 1150
- Rent Unit 6: $2,100.00
- Bedrooms Unit 6: 2
- Bathrooms Unit 6: 3
Unit 7
- Name Unit 7: 4A
- Washer/Dryer Unit 7: true
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Dishwasher Unit 7: true
- Square Feet Unit 7: 450
- Rent Unit 7: $1,425.00
- Bedrooms Unit 7: 1
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 4B
- Washer/Dryer Unit 8: true
- Range/Oven Unit 8: true
- Refrigerator Unit 8: true
- Dishwasher Unit 8: true
- Square Feet Unit 8: 1150
- Rent Unit 8: $2,100.00
- Bedrooms Unit 8: 2
- Bathrooms Unit 8: 3
Unit 9
- Name Unit 9: 5A
- Washer/Dryer Unit 9: true
- Range/Oven Unit 9: true
- Refrigerator Unit 9: true
- Dishwasher Unit 9: true
- Square Feet Unit 9: 450
- Rent Unit 9: $1,425.00
- Bedrooms Unit 9: 1
- Bathrooms Unit 9: 1
Unit 10
- Name Unit 10: 5B
- Washer/Dryer Unit 10: true
- Range/Oven Unit 10: true
- Refrigerator Unit 10: true
- Dishwasher Unit 10: true
- Square Feet Unit 10: 1150
- Rent Unit 10: $2,100.00
- Bedrooms Unit 10: 2
- Bathrooms Unit 10: 3
Unit 11
- Name Unit 11: 6A
- Washer/Dryer Unit 11: true
- Range/Oven Unit 11: true
- Refrigerator Unit 11: true
- Dishwasher Unit 11: true
- Square Feet Unit 11: 450
- Rent Unit 11: $1,275.00
- Bedrooms Unit 11: 1
- Bathrooms Unit 11: 1
Unit 12
- Name Unit 12: 6B
- Washer/Dryer Unit 12: true
- Range/Oven Unit 12: true
- Refrigerator Unit 12: true
- Dishwasher Unit 12: true
- Square Feet Unit 12: 1150
- Rent Unit 12: $2,100.00
- Bedrooms Unit 12: 2
- Bathrooms Unit 12: 3
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 10404.0
- Leasable Area Units: Square Feet
Property History for 4318 South Puget Sound Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4318 South Puget Sound Avenue
Taxable ValueLand$108,000Additions$921,700Total$1,029,700
Tax Record2024$1,211 ($101 / month)
Home Facts
Total Finished SqFt1,884 SqFtAbove Ground SqFt1,884 SqFtStories3Lot Size3,181 SqFtStyleMulti-Family Res (5+ Units)Year Built2021CountyPIERCEAPN2890000863
Schools near 4318 South Puget Sound Avenue
This home is within Tacoma School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Reed PublicPK to 5 | ||
Angelo Giaudrone Middle School Public6 to 8 | ||
Foss Public9 to 12 | ||
Oakland Alternative 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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Listing Courtesy of Windermere Chambers Bay
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.