4004 N Baltimore St, Tacoma, WA 98407

$600,000
2,591
SqFt

Listing courtesy of RE/MAX Northwest Realtors. Selling Office: Windermere Professional Prtnrs.

Sold Price
$600,000
List Price
$529,500
Status
SOLD
MLS#
1652920
Closing Date
Sep 23, 2020
Days on Market
2
Style
53 - Tri-plex
Building Condition
['Good']
Finished SqFt
2,591
Lot Size (sq ft)
7,770

Property Description

Investor alert! Beautiful turn-of-the-century Victorian triplex with all the character + charm of a bygone era. Exquisite wood craftsmanship. New roof + new exterior paint. Centrally located to North End destinations. Live in 1 unit + rent out the other 2 or simply rent all 3 units. Possible 4th unit (2/1) can be built in 1,000 sf basement. 9 ft ceilings, bay windows, decks + view of sound/mtns. 7 off street parking spaces. Proforma cap rate of 6.3%. Location + beauty = great investment!

Additional Information

List Date
2020-08-28 00:00:00
Community
North Tacoma
Property Type
MULT
Units
3
Stories
3
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
1900
Total Parking
7
Uncovered Parking
7
View
['Mountain', 'Partial', 'Sound']
Exterior
Wood
Roof
Composition
Site Features
Cable TV, RV Parking
Lot Details
Alley, Curbs, Paved Street
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$2,920
Gross Scheduled Income
$46,200
Gross Adjusted Income
$46,200
Annual Taxes
$2,853
Tax Year
2020
Insurance Expense
$2,485
W/S/G Expenses
$2,400
Total Expenses
$12,983
Net Operating Income
$33,217
Gross Rent Multiplier
16
Cap Rate
3

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
1082
Unit 1 Rent
$1,200
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
899
Unit 2 Rent
$1,200
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
610
Unit 3 Rent
$500
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