516 N K Street Unit #A-C, Tacoma, WA 98403
- $671,000
- 2,412
- SqFt
Listing courtesy of Keller Williams Seattle Metro. Selling Office: Windermere Real Estate Co..
- Sold Price
- $671,000
- List Price
- $711,000
- Status
- SOLD
- MLS#
- 2295976
- Closing Date
- Nov 22, 2024
- Days on Market
- 33
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,412
- Area Total SqFt
- 2412
- Annual Tax Ammount
- 6589
- Lot Size (sq ft)
- 3,250
- Sewer
- Sewer Connected
Property Description
Solid Triplex located in the highly desirable North Slope neighborhood. House in the front, duplex in the back. House is 650 SF, 1 bed / 1 bath with basement; Duplex units are both 750 SF, 2 bed / 1 bath; all have individual washer/dryers. Roofs have been recently replaced; interiors have been updated. This turn-key property is an excellent investment opportunity @7% Market Cap Rate, or perfect for owner-occupant/ house hack. House tenant is month-to-month, duplex units leased through March 2025. Great location; close to everything.
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Additional Information
- List Date
- 2024-10-20 00:00:00
- Community
- North Tacoma
- Net Operating Income
- $48,411
- Gross Adjusted Income
- $60,000
- Gross Scheduled Income
- $60,000
- Total Monthly Income
- $5,000
- Insurance Expenses
- $1,000
- Water/Sewer/Garbage Expenses
- $3,000
- Gross Rent Multiplier
- 12
- Total Expenses
- $11,589
- Cap Rate
- 6.9
- Total Number of Units
- 3
- Unit Name
- 516
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1933
- View
- Territorial
- Roof
- Composition
- Other Expenses
- 1000
- Energy Source
- Electric
- School District
- Tacoma
- Total Monthly Income
- $5,000
- Gross Scheduled Income
- $60,000
- Gross Adjusted Income
- $60,000
- Tax Year
- 2024
- Insurance Expense
- $1,000
- W/S/G Expenses
- $3,000
- Total Expenses
- $11,589
- Net Operating Income
- $48,411
- Gross Rent Multiplier
- 12
- Cap Rate
- 6.9
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.