410 S Sheridan Avenue, Tacoma, WA 98405
- $935,000
Listing courtesy of Kidder Mathews. Selling Office: Kidder Mathews.
- Sold Price
- $935,000
- List Price
- $1,035,000
- Status
- SOLD
- MLS#
- 2326712
- Closing Date
- Apr 08, 2025
- Days on Market
- 29
- Style
- 55 - 5-9 Units
- Annual Tax Ammount
- 10169
- Lot Size (sq ft)
- 8,450
- Sewer
- Available
Property Description
A historic and beautiful old Victorian style home built in 1905 and converted to apartments in 1928, Sheridan is a well maintained and well located 6-plex in North Tacoma. Having undergone many extensive property updates in 2000 that include plumbing, electrical and heating – The Sheridan is ripe for cosmetic upgrades. With rents well below market, new ownership has the opportunity to push forward on modern improvements and substantially increase rental income. Class A location in North Tacoma, the Sheridan is walking distance from major employers and amenities.
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Additional Information
- List Date
- 2025-03-10 00:00:00
- Community
- North Tacoma
- Net Operating Income
- $45,139
- Gross Adjusted Income
- $80,256
- Gross Scheduled Income
- $84,480
- Total Monthly Income
- $3,640
- Insurance Expenses
- $4,500
- Water/Sewer/Garbage Expenses
- $8,892
- Gross Rent Multiplier
- 12.25
- Total Expenses
- $35,117
- Cap Rate
- 4.3
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 410
- Potential Terms
- Conventional
- Year Built
- 1900
- Roof
- Flat
- Other Expenses
- 11556
- Energy Source
- Electric
- School District
- Tacoma
- Total Monthly Income
- $3,640
- Gross Scheduled Income
- $84,480
- Vacancy Rate
- 5
- Gross Adjusted Income
- $80,256
- Tax Year
- 2024
- Insurance Expense
- $4,500
- W/S/G Expenses
- $8,892
- Total Expenses
- $35,117
- Net Operating Income
- $45,139
- Gross Rent Multiplier
- 12.25
- Cap Rate
- 4.3
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.