3402 S M Street, Tacoma, WA 98418
- $1,212,500
- 5,848
- SqFt
Listing courtesy of Real Broker LLC. Selling Office: American Dream Realty, LLC.
- Sold Price
- $1,212,500
- List Price
- $1,250,000
- Status
- SOLD
- MLS#
- 2314518
- Closing Date
- Apr 04, 2025
- Days on Market
- 56
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,848
- Area Total SqFt
- 5848
- Annual Tax Ammount
- 11185
- Lot Size (sq ft)
- 10,402
- Sewer
- Sewer Connected
Property Description
Cash flowing 6 plex with adjacent 1/2 acre parcel. 2 of the 6 units have been remodeled. Newer windows and fresh exterior paint. Each unit comes with their own storage unit. Two coin operated washers and two coin operated dryers to generate additional income. Professionally managed. 6 plex alone recently appraised for 1.38M apart from the vacant lot. Appraisal to be provided with mutual contract. Allow cash flow from 6plex to fund your debt service while you develop the Adjacent Parcel: 0320084103.
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Additional Information
- List Date
- 2025-02-07 00:00:00
- Community
- South Tacoma
- Net Operating Income
- $45,139
- Gross Adjusted Income
- $87,696
- Gross Scheduled Income
- $97,440
- Total Monthly Income
- $8,075
- Insurance Expenses
- $2,700
- Water/Sewer/Garbage Expenses
- $15,759
- Gross Rent Multiplier
- 13.34
- Total Expenses
- $40,899
- Cap Rate
- 3.47
- Vacancy Rate
- 10
- Total Number of Units
- 6
- Unit Name
- 3402
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1967
- Roof
- Composition
- Site Features
- Deck
- Electric Expenses
- 1505
- Other Expenses
- 9750
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $8,075
- Gross Scheduled Income
- $97,440
- Vacancy Rate
- 10
- Gross Adjusted Income
- $87,696
- Tax Year
- 2024
- Insurance Expense
- $2,700
- W/S/G Expenses
- $15,759
- Total Expenses
- $40,899
- Net Operating Income
- $45,139
- Gross Rent Multiplier
- 13.34
- Cap Rate
- 3.47
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.