6301 Pacific Avenue, Tacoma, WA 98408

$1,585,000
6,224
SqFt

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Listing courtesy of Keller Williams Rty Tacoma. Selling Office: ZNonMember-Office-MLS.

Sold Price
$1,585,000
List Price
$1,650,000
Status
SOLD
MLS#
2150876
Closing Date
Oct 20, 2023
Days on Market
170
Style
55 - 5-9 Units
Finished SqFt
6,224
Area Total SqFt
6224
Annual Tax Ammount
16956
Lot Size (sq ft)
12,560
Sewer
Sewer Connected

Property Description

We are thrilled to present a unique investment opportunity in the thriving multi-family real estate market. Built in 2019, 2 separate buildings 5-unit townhouse style, well positioned in Tacoma close to freeways and JBLM military base. Each individual unit features a thoughtfully designed layout comprising 2 bedrooms 1.5 baths, stainless steel appliance packages, granite counter tops, washer/dryers, mini-splits heating, air conditioning and one car garages. Engineered cement board panel siding, fully landscaped, sprinkler and metered separately. Upper floors enjoy territorial views, water and power separately metered for each unit. Increase rents to market rates as leases expire.

Additional Information

List Date
2023-05-03 00:00:00
Community
Se Tacoma
Net Operating Income
$86,875
Gross Adjusted Income
$108,252
Gross Scheduled Income
$111,600
Total Monthly Income
$9,300
Insurance Expenses
$3,435
Water/Sewer/Garbage Expenses
$986
Gross Rent Multiplier
14
Total Expenses
$21,377
Cap Rate
5.26
Vacancy Rate
3
Total Number of Units
5
Unit Name
6301
Potential Terms
Cash Out, Conventional
Year Built
2019
Roof
Composition
Site Features
Fenced-Partially, Patio, Sprinkler System
Energy Source
Electric
School District
Tacoma
Total Monthly Income
$9,300
Gross Scheduled Income
$111,600
Vacancy Rate
3
Gross Adjusted Income
$108,252
Tax Year
2023
Insurance Expense
$3,435
W/S/G Expenses
$986
Total Expenses
$21,377
Net Operating Income
$86,875
Gross Rent Multiplier
14
Cap Rate
5.26
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.
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