646 S Prospect, Tacoma, WA 98405
- $549,500
- 2,033
- SqFt
Listing courtesy of Skyline Properties, Inc.. Selling Office: Better Properties Gig Harbor.
- Sold Price
- $549,500
- List Price
- $549,500
- Status
- SOLD
- MLS#
- 2271660
- Closing Date
- Sep 23, 2024
- Days on Market
- 1
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 2,033
- Area Total SqFt
- 2033
- Annual Tax Ammount
- 5529
- Internet Provider
- xfinity
- Lot Size (sq ft)
- 3,100
- Sewer
- Sewer Connected
Property Description
HOT property in amazing location-This great income producing craftsman triplex is conveniently located in central Tacoma just a short walk to the vibrant 6th avenue district with shopping, coffee shops, schools, restaurants, live music, grocery, and services. This property features a studio apartment, a one-bedroom apartment, and a two-bedroom apartment. All units have hardwood floors, full bath, big kitchens, closets, and lower units have front & back entrances. Covered front porch and covered upper porch. Coin operated laundry in basement for additional income. Water, sewer, garbage, and hot water included in rent. Tenants pay for their own electricity. This amazing investment property won't last long at this price. Great 7.2% cap rate!
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Additional Information
- List Date
- 2024-09-22 00:00:00
- Community
- Central Tacoma
- Net Operating Income
- $39,650
- Gross Adjusted Income
- $50,376
- Gross Scheduled Income
- $49,896
- Total Monthly Income
- $4,240
- Insurance Expenses
- $2,180
- Water/Sewer/Garbage Expenses
- $2,193
- Gross Rent Multiplier
- 11.02
- Total Expenses
- $10,726
- Cap Rate
- 7.2
- Vacancy Rate
- 2
- Total Number of Units
- 3
- Unit Name
- 646
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1908
- View
- Mountain(s), Territorial
- Roof
- Composition
- Site Features
- Cable TV, High Speed Internet
- Electric Expenses
- 313
- Other Expenses
- 85
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,240
- Gross Scheduled Income
- $49,896
- Vacancy Rate
- 2
- Gross Adjusted Income
- $50,376
- Tax Year
- 2023
- Insurance Expense
- $2,180
- W/S/G Expenses
- $2,193
- Total Expenses
- $10,726
- Net Operating Income
- $39,650
- Gross Rent Multiplier
- 11.02
- Cap Rate
- 7.2
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.