3703 S Manitou, Tacoma, WA 98409

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Listing Broker: Better Properties N. Proctor; Summer Wilborn; 253-761-8888; summerwilborn@gmail.com

List Price
$419,950
Status
ACTIVE
MLS#
2603073
Style
52 - Duplex
Finished SqFt
1,344
Area Total SqFt
1344
Annual Tax Ammount
4158.98
Lot Size (sq ft)
4,356
Sewer
Sewer Connected

Property Description

Thoughtfully renovated from top to bottom, this classic duplex has been extensively upgraded, creating a move-in-ready property that feels nearly new throughout. This well-maintained property features two spacious units, each offering 2 bedrooms and 1 full bathroom. open concept between kicthen, living and dining areas. Both units provide comfortable living with newer flooring, appliances, and thoughtful improvements throughout. Significant updates include a new sewer line (2023), new roof and gutters (2022). 2017 improvements include new appliances, windows, doors, flooring, kitchen countertops, bathroom fixtures, wall heaters, water heater and electrical panels. This prime duplex is centrally located with quick access to the freeway, commuting is a breeze. Easy access to highway 16 or I-5. This updated property presents an ideal opportunity. Prime owner occupied opportunity.

Additional Information

Community
Tacoma
Net Operating Income
$27,962
Gross Adjusted Income
$27,962
Gross Scheduled Income
$36,180
Total Monthly Income
$3,015
Insurance Expenses
$977
Water/Sewer/Garbage Expenses
$3,082
Gross Rent Multiplier
11.6
Total Expenses
$8,217
Cap Rate
6.6
Total Number of Units
2
Unit Name
3703
Potential Terms
Cash, Conventional
Year Built
1966
View
Territorial
Roof
Composition
Site Features
Cable TV, Fenced-Partially
Energy Source
Electric
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$3,015
Gross Scheduled Income
$36,180
Gross Adjusted Income
$27,962
Tax Year
2026
Insurance Expense
$977
W/S/G Expenses
$3,082
Total Expenses
$8,217
Net Operating Income
$27,962
Gross Rent Multiplier
11.6
Cap Rate
6.6
Based on information submitted to the MLS GRID as of . 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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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