608 N J St Unit 1-5, Tacoma, WA 98403

$799,950
4,363
SqFt

Listing courtesy of John L. Scott - KMS Kent.

List Price
$799,950
Status
ACTIVE
MLS#
1370600
Days on Market
40
Style
55 - 5-9 Units
Finished SqFt
4,363
Lot Size (sq ft)
6,500

Property Description

Incredible cash flow opportunity in the charming Stadium District! Built in 1890, this 5 unit boasts a 3 bed/2 bath, 1 bed/1 bath x2, 2 bed/1 bath & a studio. Sellers have maintained & updated individual units to maximize potential rental rates. Just a short distance to restaurants, shopping, schools, waterfront, freeways & bus lines.

Additional Information

List Date
2018-10-04 00:00:00
Community
North Tacoma
Property Type
MULT
Units
5
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1890
View
Territorial
Exterior
Wood
Roof
Composition
Lot Details
Alley, Curbs, Paved Street, Sidewalk
School District
Tacoma
Total Monthly Income
$6,510
Gross Scheduled Income
$78,120
Vacancy Rate
5
Gross Adjusted Income
$74,214
Annual Taxes
$8,448
Tax Year
2018
Insurance Expense
$3,534
W/S/G Expenses
$6,600
Total Expenses
$27,883
Net Operating Income
$46,335
Gross Rent Multiplier
11
Cap Rate
6

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
2.00
Unit 1 Size
1200
Unit 1 Rent
$1,950
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
750
Unit 2 Rent
$1,100
Unit 3 Baths
1.00
Unit 3 Size
500
Unit 3 Rent
$960
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
750
Unit 4 Rent
$1,200
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
1000
Unit 5 Rent
$1,300
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