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Craig Macken
  • Investor
  • Snohomish, WA
7
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9
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📣📣📣📣📣 8 plex near Seattle...8% cap rate 💵💵💵💵💵

Craig Macken
  • Investor
  • Snohomish, WA
Posted Jul 19 2018, 12:32

This rare opportunity to get a 8 unit multi family in Tacoma that has a cap rate of 8.2% .Numbers below represent all of 2017 and has been 100% occupied. Ability to increased income through utility and rent increases. Easy to underwrite because it is actually 2 parcels that are both 4 plexs(2 properties wi/ 4 units on each). Will go fast !

  • Total Monthly Income: $6,911
  • Gross Scheduled Income: $82,932
  • Gross Adjusted Income: $82,932
  • Net Operating Income: $67,987
  • Insurance Expenses: $2,496
  • Other Expenses: $14,873
  • Total Expenses: $17,369
Offering