Tacoma Cash-Flowing Rent-by-Room Investment — New Roof, 8 Rented Rooms
Asking Price
$675,000
Unknown
Monthly Rent
$5,665/mo
Annual Income
$67,980
NOI
$61,920/yr
Cap Rate
9.17%
Bedrooms
5
Bathrooms
3
Sq Ft
2,476
Year Built
1961
Property Type
Single Family
Condition
Good
Lot Size
7,850 Square Feet
An opportunity for a strong cash-flowing rent-by-room investment in Tacoma. This property offers a unique income strategy with a current layout optimized for rental rooms. The residence sits on a 7,850 square foot lot and includes a 720 square foot detached garage. Key updates include a new roof and exterior paint completed last summer. Public records indicate the home is a 2,476 square foot single-family residence built in 1961, originally configured with 5 beds and 2 baths. The current setup features 8 rented rooms and 3 baths, achieved by the seller adding interior partition walls. The property currently generates significant monthly income from its 8 rented rooms. Buyers are advised to conduct thorough due diligence regarding egress, permitting, insurability, and lender treatment of the income, particularly concerning the internal partition walls. Buyer to independently verify ARV, square footage, lot size, and permitting.
Asking Price
$675,000
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