11905 Park AVE S, Tacoma, WA 98444
11905 Park AVE S, Tacoma, WA 98444
11905 Park AVE S, Tacoma, WA 98444
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Listed by:COMPASS • Michael Haas
$749,000
Est. payment /mo
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12 Beds
4 Baths
2,168 SqFt
Active

11905 Park AVE S Tacoma, WA 98444

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Bob Papke

Bob Papke

+1(206) 890-5124

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,168 sqft

Price per Sqft $345

Subdivision Parkland

MLS Listing ID 2588383

Style 56 - 10+ Units

Bedrooms 12

Year Built 1955

Annual Tax Amount $5,501

Lot Size 10,000 Sqft

Property Sub-Type Multi Family

Property Description

They said the "1% Rule" was impossible - but this Parkland rental delivers! This large corner-lot home is split into 3 separate living suites, each with its own kitchen & laundry: a 6-bed/2-bath suite, & two 3-bed/1-bath suites. Renovated to the studs in 2017 & capped with a new 2026 roof & sheeting. Built to last with full insulation, all new plumbing lines, tankless water heater, LVP + laminate flooring, & electric heat w/ thermostats. Sold fully furnished, mostly occupied, & systemized for immediate cashflow! Favorite tenant upgrades include a large covered patio, fenced & level backyard with a large storage shed, plus abundant off-street parking for 10+ cars & an EV hookup. Ask the listing agent for ROI spreadsheets showing $ 1,850 in monthly cashflow after conservative accounting for vacancy, reserves & actual expenses! Great location: walk to major commuter buses, Pacific Lutheran University (PLU), Sushi Burrito & other Garfield Street cafes. Easily hop on SR-512 and I-5 freeways for nearby JBLM, Tacoma, & Seattle. Investments like this don't come often!

Location

State WA

County Pierce

Area 69 - Parkland

Interior

Flooring Hardwood, Laminate, Vinyl

Fireplace false

Exterior

Exterior Feature Cement Planked

Amenities Available Electric Car Charging, Fenced-Partially, Gas Available, High Speed Internet, Patio, RV Parking

View Y/N No

Roof Type Composition

Building

Lot Description Corner Lot

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Brookdale Elem

Middle Schools Perry G Keithley Mid

High Schools Wash High

School District Franklin Pierce

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOL & BUSINESS

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Bob Papke

Bob Papke

Broker License ID: 98412

+1(206) 890-5124

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