by RH Advisors

See Home Value
Listed by: David Schaub, Realty One Group Turn Key, 253-756-7200, Listing Courtesy of NWMLS
$975,000
Multifamily - Off Market

723 S Sheridan

Tacoma, WA 98405
bedrooms
Studio
bathrooms
0 Bath
$5,137
Estimated Monthly
0.92%
Cap Rate

About This Property

Turn-Key 3 unit currently used as short-term rental, each unit has been remodeled and furnished top to bottom to provide the best possible guest experience.  All units are 3 bed / 1 bath, with in unit laundry, high end kitchens and bathrooms, and extra design features unique to each unit.  Over 100 total 5-star reviews, in the last 30 days over 80% occupancy, average of $2,602 income per unit not including cleaning fees, building is professionally managed and can easily be transferred to a new owner without any interruptions.  All new electrical, plumbing, insulation, roof, windows, quartz counters, solid soft close cabinets, etc, no maintenance issues for a long time, corner lot for plenty of available parking.
Unit Size
-
Days on Market
69 days
Land Size
0.05 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$472
HOA Dues
-
Year Built
1923
Last updated: 30 days ago (NWMLS #NWM2211031)

Price History

Date / Event Date Event Price
May 23, 2024 Sold $975,000
Sold
Mar 20, 2024 In contract -
In contract
Mar 15, 2024 Listed by Realty One Group Turn Key $950,000
Listed by Realty One Group Turn Key
Dec 21, 2020 Sold $370,000
Sold
Jan 30, 2020 Sold to Properties Llc Olevit $250,000
Sold to Properties Llc Olevit

Property Highlights

Interior Details

Interior Information

Flooring Type: Vinyl Plank
Exterior Details

Property Information

Square Footage Source: Floorplans
Style Code: 53 - Tri-plex
Property Type: Residential Income
Property Sub Type: Multi-Family
Year Built: 1923
Year Built Effective: 2000
Energy Source: Electric, Natural Gas

Building Information

Structure Type: Triplex
Building Area Total: 3196
Building Area Units: Square Feet
Site Features: Deck, Fenced-Fully, Gas Available
Roof: Composition

Exterior Information

Exterior Features: Cement/Concrete, Wood

Lot Information

Lot Size Source: Floorplans
Zoning Jurisdiction: City
Lot Features: Corner Lot, Curbs, Paved, Sidewalk
Lot Size Acres: 0.0465
Lot Size Square Feet: 2025
Elevation Units: Feet

Land Information

Water Source: Public


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
3 Baths
-
$992,500 Mar 7, 2024
$992,500 Apr 26, 2024
$790/mo
House
4 Beds
3 Baths
-
$935,000 Oct 6, 2023
$935,000 Feb 2, 2024
$674/mo
House
8 Beds
3 Baths
-
$900,000 Mar 29, 2024
$900,000 May 24, 2024
$624/mo
House
5 Beds
2 Baths
-
$794,000 Apr 4, 2024
$794,000 Apr 19, 2024
$614/mo
Multifamily
Stu
-
-
$805,000 May 2, 2024
-
$389/mo
Commercial
Loft
-
-
$950,000 May 3, 2024
-
$464/mo
Commercial
Loft
-
-
$1,000,000 Feb 19, 2024
-
$211/mo
House
3 Beds
3 Baths
-
$864,500 May 23, 2024
-
$414/mo
House
3 Beds
2 Baths
-
$785,000 May 7, 2024
-
$333/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

723 South Sheridan Avenue 723 South Sheridan Avenue, Tacoma, WA 98405
  • 1 Unit for Sale
More about this Building
723 South Sheridan Avenue
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