705 Martin Luther King Jr. Way, Tacoma, WA 98405
- $660,000
- 2,358
- SqFt
Listing courtesy of eXp Realty. Selling Office: Theory Real Estate.
- Sold Price
- $660,000
- List Price
- $679,000
- Status
- SOLD
- MLS#
- 2288487
- Closing Date
- Dec 06, 2024
- Days on Market
- 40
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,358
- Area Total SqFt
- 2358
- Annual Tax Ammount
- 5143
- Lot Size (sq ft)
- 1,302
- Sewer
- Available
Property Description
INCREDIBLE PRICE! Income generating Triplex! With a cap rate of 7.6% you'll enjoy the great cash flow generated by these 3 units. Unit A consists of 3 BD, 1 BA, and Unit B&C each consist of 2 BD, 1 BA. All units are complete with kitchen and laundry. Convenient, central Tacoma location close to 6th Ave Light Rail Station, hospitals, shopping, schools, dining and recreation. Being sold AS-IS. Don't miss this opportunity to secure a solid income generating asset!
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Additional Information
- List Date
- 2024-10-27 00:00:00
- Community
- Tacoma
- Net Operating Income
- $51,822
- Gross Adjusted Income
- $62,628
- Gross Scheduled Income
- $62,628
- Total Monthly Income
- $5,219
- Insurance Expenses
- $1,105
- Water/Sewer/Garbage Expenses
- $4,558
- Gross Rent Multiplier
- 11.16
- Total Expenses
- $10,806
- Cap Rate
- 7.41
- Total Number of Units
- 3
- Unit Name
- 705
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1905
- Roof
- Composition
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Travis
- Middle School
- Hilltop Heritage Middle
- High School
- Stadium
- Total Monthly Income
- $5,219
- Gross Scheduled Income
- $62,628
- Gross Adjusted Income
- $62,628
- Tax Year
- 2024
- Insurance Expense
- $1,105
- W/S/G Expenses
- $4,558
- Total Expenses
- $10,806
- Net Operating Income
- $51,822
- Gross Rent Multiplier
- 11.16
- Cap Rate
- 7.41
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.