3608 3610 S J Street, Tacoma, WA 98418

$800,000
2,872
SqFt

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Listing courtesy of Keller Williams Seattle Metro. Selling Office: Redfin.

Sold Price
$800,000
List Price
$820,000
Status
SOLD
MLS#
2149822
Closing Date
Nov 08, 2023
Days on Market
53
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
2,872
Area Total SqFt
2872
Annual Tax Ammount
6152
Lot Size (sq ft)
9,750
Sewer
Sewer Connected

Property Description

This 3 unit property is one-of-a-kind - perfect for househacking, investing & development! The lovely 4 bed main house has historic charm & is newly renovated throughout w/ updated kitchen/baths, new doors/windows, laminate floors & more! Extra large fenced in yard perfect for pets & gardening or-take advantage of development opportunity with short-plat and/or adding a SFR or small MF. 2 detached charming cottages are well maintained w/ their own yard space, solid tenants in place & are rarely vacant. Ample parking & idyllic location in Lincoln District close to amenities & freeway. Don’t miss this beautiful property & 7.6% market cap rate! Main house vacant & perfect for owner occupied-go show!

Additional Information

List Date
2023-09-16 00:00:00
Community
Lincoln
Net Operating Income
$50,124
Gross Adjusted Income
$61,776
Gross Scheduled Income
$62,400
Total Monthly Income
$5,200
Insurance Expenses
$1,200
Water/Sewer/Garbage Expenses
$3,300
Gross Rent Multiplier
11
Total Expenses
$11,652
Cap Rate
7.6
Vacancy Rate
1
Total Number of Units
3
Unit Name
3608 3610
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1900
Roof
Composition
Other Expenses
1000
Energy Source
Electric, Natural Gas
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$5,200
Gross Scheduled Income
$62,400
Vacancy Rate
1
Gross Adjusted Income
$61,776
Tax Year
2023
Insurance Expense
$1,200
W/S/G Expenses
$3,300
Total Expenses
$11,652
Net Operating Income
$50,124
Gross Rent Multiplier
11
Cap Rate
7.6
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.
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