On the hunt for Tacoma real estate to invest in? This rambler-style tri-plex is priced to sell! Featuring a total of 2,760 square feet and 3 units, this unique opportunity is low maintenance with a 0 vacancy rate. Plus, the long term tenants would like to stay! Located at 4311 S Cedar St Tacoma WA 98409, this residence is listed for $400,000 and has a current cap rate of 6% with room to increase.
Each of this tri-plex’s 3 units features a 920-square-foot layout with 2 bedrooms and 1 bath. One of the units has been fully updated, while 2 of the units have new fenced backyards. Boasting one-level living, each unit offers large bedrooms, an open floor plan, and there is washer/dryer in each of the units for your convenience. Additionally, a new roof was installed in 2014!
Living in South Tacoma
At 4311 S Cedar St Tacoma WA 98409, you’re nestled in a truly central location in South Tacoma. Enjoy being in a residential setting, all while have city conveniences just blocks from home. If you work at one of the many businesses at the Tacoma Mall or close by, you’re certainly in luck—the Tacoma Mall is just 4 blocks away.
Similarly, this ensures that going shopping, grabbing a bite to eat, or taking advantage of other services is a breeze! The Tacoma Mall is home to places like Nordstrom, Macy’s, Forever 21, Sears, and JCPenney, while a long list of other shops can be found. With the Tacoma Mall as the hub, there are also several other businesses surrounding the mall as well.
You’re also just a couple blocks away from Pine Street where you’ll find a bus line to take advantage of, offering the potential for a car-free lifestyle. Interstate-5 is just a 4-minute drive from home, making it easy to get around the rest of Tacoma and beyond. To give you an idea, Downtown Tacoma is a quick 12-minute drive away, and Joint Base Lewis-McChord is just 14 minutes south.
When you need to head outside and get some fresh air, you have a long list of options right at your fingertips. Wapato Hill Park (1.5 miles from home) and the nearby Wapato Park (2 miles from home) both offer acres and acres of beautiful space to explore, and the latter features a scenic trail that circles around Wapato Lake and a wonderful off-leash dog park.