3606 N 16th Street, Tacoma, WA 98406
- $1,040,000
- 3,843
- SqFt
Listing courtesy of Hawkins Poe. Selling Office: Home Team Northwest.
- Sold Price
- $1,040,000
- List Price
- $1,050,000
- Status
- SOLD
- MLS#
- 1638517
- Closing Date
- Nov 09, 2020
- Days on Market
- 43
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,843
- Area Total SqFt
- 3843
- Annual Tax Ammount
- 7176
- Lot Size (sq ft)
- 8,450
- Sewer
- Sewer Connected
Property Description
This is truly a one of a kind property. A fourplex in the north end--What a find! Beautiful clinker brick building that requires minimum maintenance. Corner lot across from UPS. 3 of the 4 units have been totally remodeled. Extensive electrical and plumbing work has been done. Detached garage is wired for kitchen and bathroom--covert to a 5th unit for additional income. Nice fully fenced yard and plenty of off street parking. Highly desired location and property. Don't wait on this one!
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Additional Information
- List Date
- 2020-09-27 00:00:00
- Community
- Ups
- Net Operating Income
- $57,206
- Gross Adjusted Income
- $74,040
- Gross Scheduled Income
- $74,040
- Total Monthly Income
- $6,170
- Insurance Expenses
- $1,500
- Water/Sewer/Garbage Expenses
- $4,663
- Gross Rent Multiplier
- 17
- Total Expenses
- $16,834
- Cap Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 3606
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1948
- Roof
- Composition
- Site Features
- Fenced-Fully, Gas Available
- Electric Expenses
- 1554
- School District
- Tacoma
- Total Monthly Income
- $6,170
- Gross Scheduled Income
- $74,040
- Gross Adjusted Income
- $74,040
- Tax Year
- 2020
- Insurance Expense
- $1,500
- W/S/G Expenses
- $4,663
- Total Expenses
- $16,834
- Net Operating Income
- $57,206
- Gross Rent Multiplier
- 17
- Cap Rate
- 5
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