616 N C Street, Tacoma, WA 98403

$860,000
3,050
SqFt

Listing courtesy of Coldwell Banker Bain. Selling Office: Windermere Chambers Bay.

Sold Price
$860,000
List Price
$850,000
Status
SOLD
MLS#
2034089
Closing Date
Apr 21, 2023
Days on Market
7
Style
53 - Tri-plex
Finished SqFt
3,050
Area Total SqFt
3050
Annual Tax Ammount
9854
Internet Provider
Rainier Connect
Lot Size (sq ft)
6,500
Sewer
Sewer Connected
Offer Review Date
2023-03-23

Property Description

A stately Victorian home in North Slope area of North Tacoma. Tucked away from busy traffic corridors, this home is a surprising tri-plex, close to amenities and entertainment. The Downtown District, hospitals, UPS, Old Town and more lie within easy reach. Total building area is 3,050 sq. ft., arranged as a large 2-bdrm, 1-bath first floor apartment and, on the second story, a 2-bdrm, 1 bath apartment and a 1-bdrm, 1 bath apartment. Kitchens and bathrooms have been updated, most appliances are new, carpets, vinyl planks floors, and exterior paint are new. The detached garage is well suited for one vehicle (or a bunch of E-bikes). Ample storage in the attic and basement.

Additional Information

List Date
2023-04-14 00:00:00
Community
Stadium District
Net Operating Income
$49,098
Gross Adjusted Income
$68,400
Gross Scheduled Income
$69,600
Total Monthly Income
$69,600
Insurance Expenses
$1,908
Water/Sewer/Garbage Expenses
$3,120
Gross Rent Multiplier
12.43
Total Expenses
$15,882
Cap Rate
5.78
Vacancy Rate
5
Total Number of Units
3
Unit Name
616
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1890
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, Gas Available
Other Expenses
1000
Energy Source
Electric, Natural Gas
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$69,600
Gross Scheduled Income
$69,600
Vacancy Rate
5
Gross Adjusted Income
$68,400
Tax Year
2023
Insurance Expense
$1,908
W/S/G Expenses
$3,120
Total Expenses
$15,882
Net Operating Income
$49,098
Gross Rent Multiplier
12.43
Cap Rate
5.78
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