7605 S C Street, Tacoma, WA 98408
- $1,645,000
- 6,800
- SqFt
Listing courtesy of Theory Real Estate. Selling Office: John L. Scott, Inc..
- Sold Price
- $1,645,000
- List Price
- $1,699,950
- Status
- SOLD
- MLS#
- 2131144
- Closing Date
- Dec 15, 2023
- Days on Market
- 80
- Style
- 55 - 5-9 Units
- Finished SqFt
- 6,800
- Area Total SqFt
- 6800
- Annual Tax Ammount
- 15764
- Lot Size (sq ft)
- 12,800
- Sewer
- Sewer Connected
Property Description
OPPORTUNITY ALERT in South Tacoma! This 9 unit multi family is the perfect addition to any portfolio! Conveniently located minutes from I5, 512, entertainment, parks, & walking distance to groceries, restaurants, and major bus lines! There are eight 2 bed 1 bath units and 1 studio that have been recently updated! This is a conforming 2 story building with on site laundry, a courtyard, and a dog run! Large lot has parking for up to 20 cars! Property is also in URX zoning for potential development down the line! This is perfect for an investor looking to do an exchange! Owner is also selling 2 other incredible opportunities! One in Tacoma @ MLS: 2131192 and one in Buckley @ MLS 2131199.
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Additional Information
- List Date
- 2023-09-26 00:00:00
- Community
- South Tacoma
- Net Operating Income
- $98,413
- Gross Adjusted Income
- $147,138
- Gross Scheduled Income
- $154,882
- Total Monthly Income
- $12,907
- Insurance Expenses
- $3,800
- Water/Sewer/Garbage Expenses
- $13,672
- Gross Rent Multiplier
- 10.98
- Total Expenses
- $48,725
- Cap Rate
- 5.79
- Vacancy Rate
- 7744
- Total Number of Units
- 9
- Unit Name
- 7605
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1965
- Roof
- Composition
- Site Features
- Dog Run, Fenced-Partially
- Other Expenses
- 15489
- Energy Source
- Electric
- School District
- Tacoma
- Total Monthly Income
- $12,907
- Gross Scheduled Income
- $154,882
- Vacancy Rate
- 7744
- Gross Adjusted Income
- $147,138
- Tax Year
- 2023
- Insurance Expense
- $3,800
- W/S/G Expenses
- $13,672
- Total Expenses
- $48,725
- Net Operating Income
- $98,413
- Gross Rent Multiplier
- 10.98
- Cap Rate
- 5.79
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.