1623 S Yakima Avenue, Tacoma, WA 98405
- $640,000
- 2,416
- SqFt
Listing courtesy of Heaton Dainard, LLC. Selling Office: Keller Williams Realty PS.
- Sold Price
- $640,000
- List Price
- $685,000
- Status
- SOLD
- MLS#
- 2240894
- Closing Date
- Aug 06, 2024
- Days on Market
- 27
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,416
- Area Total SqFt
- 2416
- Annual Tax Ammount
- 4615
- Lot Size (sq ft)
- 2,973
- Sewer
- Sewer Connected
Property Description
Investor Alert! Currently operating as a Duplex with two rental units plus a 3rd unit partially finished. Finish the 3rd unit to potentially add equity & increase the rental income by 30+%! Architectural plans for conversion/finishing 3rd unit previously approved for permits are included in the sale. Buyer to verify all information & requirements to complete. The middle and top units were remodeled in 2017. Top unit leased until June 2025 at $1645+$100/mo for landscaping. Middle unit prev leased at $1600/mo. Tenants pay utilities. Clean, well-managed & maintained with full rental turns. High walk score & close to everything – DT Tacoma, UW Tacoma, Universities, Hospitals, I-5, and more. Don’t miss this one for your portfolio!
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Additional Information
- List Date
- 2024-07-10 00:00:00
- Community
- Tacoma
- Net Operating Income
- $50,489
- Gross Adjusted Income
- $57,540
- Gross Scheduled Income
- $57,540
- Total Monthly Income
- $4,895
- Insurance Expenses
- $1,006
- Gross Rent Multiplier
- 11.9
- Total Expenses
- $7,051
- Cap Rate
- 7.37
- Total Number of Units
- 3
- Unit Name
- 1623
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1906
- View
- City, Mountain(s), Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, Gas Available
- Other Expenses
- 1430
- Energy Source
- Electric, Natural Gas
- School District
- Tacoma
- High School
- Stadium
- Total Monthly Income
- $4,895
- Gross Scheduled Income
- $57,540
- Gross Adjusted Income
- $57,540
- Tax Year
- 2024
- Insurance Expense
- $1,006
- Total Expenses
- $7,051
- Net Operating Income
- $50,489
- Gross Rent Multiplier
- 11.9
- Cap Rate
- 7.37
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.