3116 - 3118 N 8th Street, Tacoma, WA 98406

$715,000
2,338
SqFt

Listing courtesy of MacGregor & Forbes LLC. Selling Office: Skyline Properties, Inc..

Sold Price
$715,000
List Price
$729,950
Status
SOLD
MLS#
2076523
Closing Date
Sep 07, 2023
Days on Market
67
Style
52 - Duplex
Building Condition
Average
Finished SqFt
2,338
Area Total SqFt
2338
Annual Tax Ammount
6713
Lot Size (sq ft)
6,000
Sewer
Sewer Connected

Property Description

Handsome building 3 blks from UPS. New roof on main bldg, May 2023, recent exterior paint. Main floor unit has high ceilings, large rooms, pullman-style kitchen w/DW & laundry, big covered porch. It's gas furnace is 4 years old. Lots of charm, long term Tenant. 2nd floor unit: new mini-split in kit, gas wall furnace for rest of unit, laundry, fresh paint, lots of storage and character--ez to rent! Charming ADU on the alley faces yd: very private, nice sized rms, walk-in closet, gas furnace & laundry. Also easy to rent, w/parking just outside the door. Great fully fenced yard with lots of color. Walk to 6th Ave businesses, Proctor. Tenants pay gas/electricity (not W/S/G). All units are on 1 year leases that convert to mo-mo @ expiration.

Additional Information

List Date
2023-07-02 00:00:00
Community
Ups
Net Operating Income
$44,057
Gross Adjusted Income
$57,060
Gross Scheduled Income
$57,060
Total Monthly Income
$4,755
Insurance Expenses
$1,370
Water/Sewer/Garbage Expenses
$3,300
Gross Rent Multiplier
13.76
Total Expenses
$13,003
Cap Rate
7
Total Number of Units
3
Unit Name
3116 - 3118
Potential Terms
Cash Out, Conventional
Year Built
1906
View
Mountain(s), Territorial
Roof
Composition, See Remarks, Torch Down
Site Features
Deck, Fenced-Fully, Gas Available, Outbuildings
Other Expenses
1620
Energy Source
Electric, Natural Gas
School District
Tacoma
Elementary School
Grant
Middle School
Hilltop Heritage Middle
High School
Stadium
Total Monthly Income
$4,755
Gross Scheduled Income
$57,060
Gross Adjusted Income
$57,060
Tax Year
2023
Insurance Expense
$1,370
W/S/G Expenses
$3,300
Total Expenses
$13,003
Net Operating Income
$44,057
Gross Rent Multiplier
13.76
Cap Rate
7
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