About 5032 S 58th Street
Solid Fourplex located in Orchard Glen Estates. Value-Add Opportunity with rents well below market rates. Units are ~900SF, 2bed/1bath; upper have balconies, lower have patios & large back yards. Shared laundry facility in basement. New roof in 2019. This building uniquely features an ~1,800SF basement with full-height ceilings, offering exceptional versatility & additional income potential—rent out as storage, workshop, or maybe convert to more unit(s)? Unit D left vacant for showings; ABC tenants are very long term, month to month with no rent increases in several years. 1/3 Acre Lot. Quiet cul-de-sac location w/ convenient access to I-5 & JBLM. 8.7% Cap Rate @ Market Rents. Competitively priced to sell!
Features of 5032 S 58th Street
| MLS® # | 2335153 |
|---|---|
| List Price | $712,000 |
| Sale Price | $697,000 |
| Price Per SqFt | $128 |
| Bathrooms | 0.00 |
| Square Footage | 5,435 |
| Acres | 0.36 |
| Year Built | 1978 |
| Type | Income |
| Sub-Type | Multi Family |
| Status | Sold |
Community Information
| Address | 5032 S 58th Street |
|---|---|
| Area | 45 - South Tacoma |
| Subdivision | South Tacoma |
| City | Tacoma |
| County | Pierce |
| State | WA |
| Zip Code | 98409 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 3 |
Exterior
| Exterior Features | Wood, Wood Products |
|---|---|
| Lot Description | Cul-De-Sac |
| Foundation | Poured Concrete |
School Information
| District | Tacoma |
|---|
Additional Information
| Days on Market | 94 |
|---|---|
| Cumulative Days on Market | 94 |
| Days on Website | 213 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | $600 |
| HOA Fees Frequency | Annually |