For more information on this listing, please contact...
Better Properties Washington
253-514-8492
Email
  • Listing #:
    • 1712186
  • Price:
    • $679,000
  • Status:
    • Pending
  • Property Type:
    • Multi-Family
  • Type:
    • Tri-plex
  • # of Units:
    • 3
  • # of Acres:
    • 0.05
  • Year Built:
    • 1905
  • Address:
    • 401 N M Street
  • Unit #:
    • #A-C
  • Comm/Assn:
    • North Tacoma
  • City:
    • Tacoma
  • County:
    • Pierce
  • State:
    • WA
  • Zip:
    • 98403
  • Right of 1st Refusal:
    • No
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Description
Excellent Investor Opportunity In North End Of Tacoma. Beautiful Inside And Out, This Building Is A Well Maintained Tri-plex With Two 2 Bed Units, And One 1 Bed Unit. Easy Access To 16 And 705, Close To Stadium District And 6th Ave, And Walk To Restaurants, Shopping, Parks And Hospitals. Entire Building Is Consistently Rented. One Bed Unit Currently Operates As Successful Short Term Rental With Vacasa. Option To Purchase With Short Term Rental Unit Fully Furnished. Potential For Significant Upside In Rents If Focusing On Travelling Nurses.
Property Features
  • Cap Rate:
    • - 4.83
  • Exterior Features:
    • - Wood
  • Flooring:
    • - Laminate
    • - Vinyl
    • - Carpet
  • Foundation Details:
    • - Poured Concrete
    • - Slab
    • - Tie Down
  • Furnished:
    • - Unfurnished
  • Gross Scheduled Income:
    • - $46,800.00
  • Heating Y/N:
    • - Yes
  • Insurance Expense:
    • - $1,538.00
  • Leasable Area:
    • - 2,670.00 Square Feet
  • Lot Features:
    • - Corner Lot
    • - Sidewalk
  • Net Operating Income:
    • - $32,851.00
  • Gross Adjusted Income:
    • - 46800
  • Gross Rent Multiplier:
    • - 14
  • Heating Cooling Type:
    • - Wall
  • Leased Items:
    • - None
  • Parking Uncovered Spaces:
    • - 2
  • Power Company:
    • - TPU
  • Sewer Company:
    • - TPU
  • Site Features:
    • - Cable TV
    • - Deck
  • Style Code:
    • - 53 - Tri-plex
  • Total Expenses:
    • - 13949
  • Total Monthly Income:
    • - 3900
  • Units Below Grade:
    • - true
  • Water Company:
    • - TPU
  • Water Sewer Garbage:
    • - 3876
  • Zoning Class:
    • - Multi-Family
  • Zoning Jurisdiction:
    • - City
  • Open Parking Spaces:
    • - 2
  • Open Parking Y/N:
    • - Yes
  • Other Expense:
    • - 2765
  • Parcel Number:
    • - 203425-005-2
  • Possible Use:
    • - Multi-Family
  • Property Condition:
    • - Very Good
  • Roof:
    • - Composition
  • Sewer:
    • - Sewer Connected
  • Stories Total:
    • - 4
  • Structure Type:
    • - Triplex
  • Annual Tax Amount:
    • - $5,770.00
  • Tax Year:
    • - 2020
  • Utilities:
    • - Cable Connected
    • - Sewer Connected
    • - Electricity Available
  • Water Source:
    • - Public
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For more information on this listing, please contact...
Better Properties Washington
253-514-8492
Email

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