1223 S J Street, Tacoma, WA 98405
- $1,385,000
- 7,500
- SqFt
Listing courtesy of John L. Scott, Inc. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $1,385,000
- List Price
- $1,550,000
- Status
- SOLD
- MLS#
- 2254628
- Closing Date
- Dec 06, 2024
- Days on Market
- 79
- Style
- 56 - 10+ Units
- Finished SqFt
- 7,500
- Area Total SqFt
- 7500
- Annual Tax Ammount
- 16150
- Internet Provider
- Comcast/Xfinity
- Lot Size (sq ft)
- 4,000
- Sewer
- Sewer Connected
Property Description
The City link Apartment is a renovated twelve-unit apartment building, located in Tacoma. Over the past year current ownership has performed substantial capital improvements; complete siding replacement, new roof, storage area & laundry room renovation w/new machines. Current ownership has also renovated 8 units including paint, flooring, some applncs & misc finishes. The unit mix consists of 1 studio approx 400 SF, 8 one bdrm/one-bath units approx 500 SF, and 3 one bdrm/one-bath +den units approx 575 SF. The unit features include white applncs (stoves/refrigerators), Formica countertops, carpet & vinyl flooring, along w/individual HW tanks. Common area amenities include 3 parking spaces along w/coin-op onsite laundry facility.
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Additional Information
- List Date
- 2024-09-18 00:00:00
- Community
- Tacoma
- Net Operating Income
- $98,129
- Gross Adjusted Income
- $144,940
- Gross Scheduled Income
- $152,568
- Total Monthly Income
- $12,716
- Insurance Expenses
- $4,926
- Water/Sewer/Garbage Expenses
- $16,917
- Gross Rent Multiplier
- 10.1
- Total Expenses
- $63,019
- Cap Rate
- 6.33
- Vacancy Rate
- 5
- Total Number of Units
- 12
- Unit Name
- 1223
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1900
- View
- Territorial
- Roof
- Torch Down
- Other Expenses
- 25026
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $12,716
- Gross Scheduled Income
- $152,568
- Vacancy Rate
- 5
- Gross Adjusted Income
- $144,940
- Tax Year
- 2023
- Insurance Expense
- $4,926
- W/S/G Expenses
- $16,917
- Total Expenses
- $63,019
- Net Operating Income
- $98,129
- Gross Rent Multiplier
- 10.1
- Cap Rate
- 6.33
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.