3402 S M Street, Tacoma, WA 98418

$1,300,000
5,848
SqFt

Listing courtesy of Mosaic Realty.

List Price
$1,300,000
Status
ACTIVE
MLS#
2249841
Days on Market
2
Style
55 - 5-9 Units
Finished SqFt
5,848
Area Total SqFt
5848
Annual Tax Ammount
11185
Lot Size (sq ft)
10,402
Sewer
Sewer Connected
Offer Review Date
2024-06-21

Property Description

Cash flowing 6 plex with adjacent 1/2 acre parcel available for sale. 2 of the 6 units have been remodeled. Newer windows and fresh exterior paint. Each unit comes with their own storage unit. Two coin operated washers and two coin operated dryers to generate additional income. Professionally managed. Allow cash flow from 6plex to fund your debt service while you develop the parcel if purchasing both. Adjacent Parcel: 0320084057 See MLS#: 2250065 to view.

Additional Information

List Date
2024-06-12 00:51:08
Community
South Tacoma
Net Operating Income
$45,139
Gross Adjusted Income
$87,696
Gross Scheduled Income
$97,440
Total Monthly Income
$8,075
Insurance Expenses
$2,700
Water/Sewer/Garbage Expenses
$15,759
Gross Rent Multiplier
13.34
Total Expenses
$40,899
Cap Rate
3.47
Vacancy Rate
10
Total Number of Units
6
Unit Name
3402
Potential Terms
Cash Out, Conventional
Year Built
1967
Roof
Composition
Site Features
Deck
Electric Expenses
1505
Other Expenses
9750
Energy Source
Electric
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$8,075
Gross Scheduled Income
$97,440
Vacancy Rate
10
Gross Adjusted Income
$87,696
Tax Year
2024
Insurance Expense
$2,700
W/S/G Expenses
$15,759
Total Expenses
$40,899
Net Operating Income
$45,139
Gross Rent Multiplier
13.34
Cap Rate
3.47
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