1438 East 31st Street
Tacoma, WA 98404
$1,100,000
Price
—
Beds
3,068 Sq. Ft.
$359 / Sq. Ft.
3,068
Sq. Ft.
$359
per Sq. Ft.
Listing provided courtesy of Skyline Properties, Inc.
Description
Brand new 2024 4plex! 2 detached duplexes on the same lot. Both buildings are identical. Units A1 & A2 are 1 bedroom, 1 bath, bottom floor units. These units feature Quartz countertops, LVP flooring throughout, air conditioning, SS Appliances, washer & dryer in units. Units A2 and B2 are two story 2 bed 2 bath units, featuring quartz countertops in kitchen and baths, SS Appliances, carpet on the stairs for quiet entry, LVP flooring in the living space throughout, as well as A/C and mountain views....Brand new 2024 4plex! 2 detached duplexes on the same lot. Both buildings are identical. Units A1 & A2 are 1 bedroom, 1 bath, bottom floor units. These units feature Quartz countertops, LVP flooring throughout, air conditioning, SS Appliances, washer & dryer in units. Units A2 and B2 are two story 2 bed 2 bath units, featuring quartz countertops in kitchen and baths, SS Appliances, carpet on the stairs for quiet entry, LVP flooring in the living space throughout, as well as A/C and mountain views. Huge financial bonus! These units are in the 7-year tax exempt opportunity zone, only pay taxes on the land, not the improvements! This is a great opportunity buy as an owner-occupied investment. IMMEDIATE CASH FLOW & zero deferred maintenance.
- Listed by Anthony L wells • Skyline Properties, Inc.
Property Details for 1438 East 31st Street
Community Name
East Tacoma
School DistrictTacoma
ViewMountain
Number of Assigned Spaces2
Total Covered Parking0
Entry Date07-10-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 09/05/2024 09:52 AM
Property Details for 1438 East 31st Street
| Status | Active |
|---|---|
| MLS # | 2263055 |
| Days on Market | 59 |
| Cumulative Days on Market | 59 |
| Taxes | $1,200 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2024 |
| Lot Size | 0.07 AC / 3,250 SF |
| County | Pierce County |
Building Information for 1438 East 31st Street
Stories3Residences4Year Built2024Building Size-Lot Size0.07 AC / 3,250 SF
Property Information for 1438 East 31st Street
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Cable TV
- Area: 56 - Southeast Tacoma
- Effective Year Built Source: Public Records
- Directions: Portland Ave to E 31st, A & B buildings are on the property line closest to the cedar fence. Park in alleyway for easiest access to units.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 2.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Laminate, Vinyl Plank, Carpet
- Features: Laminate Hardwood, Laminate Tile, Wall to Wall Carpet
- New Construction: Completed
- Cooling: Yes
- Cooling: Ductless HP-Mini Split
- Fireplace: No
- Heating: Yes
- Heating: Ductless HP-Mini Split, Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Cement Planked
- Roof: Flat
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: PSE
- Sewer Company: PSE
- Water Company: PSE
- Power Production Type: Electric
Property and Assessments
- New Construction YN: Yes
- Zoning Jurisdiction: City
- Foundation: Poured Concrete, Slab
- Construction Methods: Standard Frame
- Estimated Completion Date: 2024-03-01
- First Right Of Refusal: false
- MLS Square Footage Source: Pierce County
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 2024
- Photos Count: 32
Lot Information
- Lot Details: Adjacent to Public Land, Curbs, Paved, Sidewalk
- Lot Size Source: Pierce County
- Parcel Number Free Text: 4715013322
- Building Condition: Very Good
- Calculated Square Footage: 3068
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3068.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 2
- Number of Stories in Building: 3
- 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: 4008
- Gross Adjusted Income: 85872
- Gross Rent Multiplier: 0
- Gross Scheduled Income: $89,880
- Insurance Expense: $2,808
- Net Operating Income: $81,864
- Other Expenses: $0
- Total Monthly Income: 6840
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3068.0
- Leasable Area Units: Square Feet
Property History for 1438 East 31st Street
| 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 1438 East 31st Street
Taxable ValueLand$109,300Additions-Total$109,300
Tax Record2024$1,225 ($102 / month)
Home Facts
Lot Size3,250 SqFtStyleCommercialCountyPIERCEAPN4715013322
Schools near 1438 East 31st Street
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 |
|---|---|---|
Roosevelt PublicPK to 5 | ||
First Creek Middle School Public6 to 8 | ||
Lincoln Public9 to 12 | ||
Science And Math Institute 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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Skyline Properties, Inc.
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.
