Finding a parcel of land in the city, for under 100K now a days can as mind numbing as looking for a needle in a haystack. On this corner lot, your home is already here! And requires a fraction of the investment to start to cash flow or sell for a profit. Keep this home for yourself and your mortgage will be hundreds of dollars less per month than your rent! Mic drop. Efficient 528 square feet, with separate laundry room, galley style kitchen and eat-in space.
- 528 Square feet
- 3,250 square foot lot
- 1 1/2 blocks from newly renovated, Stewart Middle School
- 0.7 miles from Moore Library
- 0.5 miles to Safeway
- Pacific Avenue is just 2 blocks away! City of Tacoma has long term plans to renovate this business district
Looking to invest in a rental property? Based on other similar homes (1 bedroom, 1 bath) in the same neighborhood, this home could be comfortably rented for $1,000/month. It’s being sold for cash, BUT if you were to finance it for $100k after you completed repairs, at 4.5% your mortgage payment would be $730/month (which includes annual property taxes and insurance!). Check out a potential loan breakdown here.
Welcome to Tacoma’s Southside!
At 502 S 51st Street, you’re on a corner lot in a lovely residential setting, blocks away from one of South Tacoma’s most vibrant business districts; Pacific Avenue. Not to mention streets are wide for comfortable driving and great off-street parking throughout the day. Here’s just a few of the top amenities in the neighborhood:
- Tacoma Public Library (Moore Branch)
Located 0.4 miles from home, the Moore Branch of the Tacoma Public Library is practically in your backyard! Of course you can check out books here, but remember you can also check out DVDs and other media, take advantage of free activities and attend a wide range of events throughout the year.
- Vuelve a la Vida
Nestled right along Pacific Avenue just blocks from home, Vuelve a la Vida is a fantastic Mexican restaurant that people come from all over Tacoma to enjoy. Regulars and newbies consistently rave about the food, so don’t be dissuaded by the unassuming exterior and simple interior.
If you love Mexican food, then you’re seriously in luck with this location—Josephina’s is another neighborhood favorite and perfect if you’re looking for a sit-down restaurant with an inviting atmosphere. Family owned and operated since it’s existence. Locals love the mouthwatering food—especially the Seafood Stew, Carne Asada, and the bean dip! Not to mention they serve a great margarita on the rocks. 😉
- Stewart Middle School
Built in 1924; Stewart Middle School is one of Tacoma’s Historic schools. Modernized in 2017, it now has state of the art design and technology, to help kids learn and grow. The revelation focused on opening up classroom and common space for students. Having Stewart Middle School just 1 block from home is a huge convenience. Easily participate in afternoon school activities and sports without feeling it consumes ALL your free time! Stewart also has a community garden, new track and large hill. When it snows, it’s the ultimate sledding spot!
- Erica’s Peace and Love Ice Cream
So much more than just delicious ice cream—you’ll also find fresh juice, smoothies, salads, chocolate-covered strawberries, snow cones, and many other desserts (several of which are Mexican favorites!). Be sure to follow Erica’s on Facebook for updates on offerings + deals.
CALL/TEXT Realtor Jenny Wetzel for more information on South Tacoma at (253) 381-9788.