4008 S Pine Street, Tacoma, WA 98409

$540,000

Listing courtesy of Keller Williams Tacoma. Selling Office: KW Mountains to Sound Realty.

Sold Price
$540,000
List Price
$549,950
Status
SOLD
MLS#
1256158
Closing Date
Mar 18, 2019
Days on Market
716
Annual Tax Ammount
6517

Property Description

Stellar location in the thriving Tacoma Mall neighborhood. Centrally located on a main thoroughfare. Fully leased investment property with 3 tenants. Beautifully remodeled commercial office building. 3, 324 square foot professional office building in excellent condition situated on a shy quarter acre. This property boasts 10 offices along with 3 bathrooms; a spacious shared (by appt) conference room and 2 full kitchens. There is a warm reception area and 15 total parking spaces (front & rear).

Additional Information

Community
Tacoma Mall
Building Condition
Very Good
Style
60 - Comm Bldg Und 10K
Year Built
1956
# of Assigned Spaces
15
Roof
Composition
Tax Year
2018
Potential Terms
Cash Out, Conventional
Interior Features
Heat Pump, Hardwood
Flooring
Hardwood
Driving Directions
I5 Exit 38th St Head west on 38th to Pine St. South on Pine St; property on right
Electric Expenses
2000
Other Expenses
3000
Net Operating Income
$45,270
Gross Scheduled Income
$60,120
Water/Sewer/Garbage Expenses
$1,424
Cap Rate
8.23
Vacancy Rate
3
Total Expenses
$14,850
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