2829 S Asotin Street, Tacoma, WA 98409

$599,950

Listing courtesy of Better Properties N. Proctor.

List Price
$599,950
Status
ACTIVE
MLS#
1845924
Days on Market
31

Property Description

Unique opportunity. 3 homes on one parcel plus 1 billboard. Currently used for transitional housing through a non profitorganization owner (seller). Zoning is M-1 and allows many uses (Light Industrial District, Manufacturing/Industrial).There are many opportunities with this property. Frontage on Center Street. Homes on property are in need of somecosmetic repairs but most of the mechanical systems have been updated. No inspections prior to mutual acceptance.Current rents are well below market.

Additional Information

Community
Tacoma
Building Condition
Fair
Style
71 - Light Indrl.
Year Built
1910
# of Assigned Spaces
8
Roof
Composition
Tax Year
2021
Potential Terms
Cash Out, Conventional
Flooring
Vinyl, Carpet
Driving Directions
On the corner of Center Street and Asotin Street.
Heating/Cooling Type
Baseboard, Forced Air, Wall
Energy Source
Electric
Net Operating Income
$18,588
Gross Adjusted Income
$28,300
Gross Scheduled Income
$28,300
Water/Sewer/Garbage Expenses
$8,700
Cap Rate
3
Total Expenses
$9,712
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