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Tacoma Cash-Flowing Rent-by-Room Investment — New Roof, 8 Rented Rooms

7374 S Alaska St, Tacoma, WA, 98408
Deal Overview

Asking Price

$675,000

Rehab Cost

Unknown

Investment Analysis

Monthly Rent

$5,665/mo

Annual Income

$67,980

NOI

$61,920/yr

Cap Rate

9.17%

Property Details

Bedrooms

5

Bathrooms

3

Sq Ft

2,476

Year Built

1961

Property Type

Single Family

Condition

Good

Lot Size

7,850 Square Feet

Description

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.

Property Info

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Tacoma Cash-Flowing Rent-by-Room Investment — New Roof, 8 Rented Rooms | Go Deal Pro