1637 Center Street Tacoma, WA 98409

This property is 3 different lots. There is a tri-plex with 3 rental units, with rents of $4625 per mo. There is a home behind the tri-plex which rents for $1750 per mo and another home behind that home that rents for $1950. in addition, there is a vacant lotto the East that is approx. 100 ft. and 40 feet in Cneter Street. There is a gross scheduled rental income of $99,900 at current rents which are low. The expensese of taxes @ $4260, sewer is $12,000 per year, and insurance of $3461. Tentant pays for their own water and electrical. Property is currently managed for the absentee owner. if you manage yourself, it can be a great investment with good cash flow. (9% cap rate at present.)