6316 Mckinley Avenue, Tacoma, WA 98404

$449,950

Listing courtesy of Theory Real Estate.

List Price
$449,950
Status
ACTIVE
MLS#
2024691
Price Change
▲ $25,000 1683667017
Days on Market
133
Annual Tax Ammount
2858

Property Description

CALLING ALL INVESTORS! Remodeled mixed use building! Ground level commercial has great visibility on Mckinley w/ high traffic count & is occupied by a barber. Upstairs offers a 2/1 unit & another commercial unit occupied by an esthetician! Plenty of parking on side & back of building! Included in sale is 2 parcels at 6314 Mckinley Ave. Sellers also selling nearby: 6310 Mckinley, 6311 Mckinley, & 6324 Mckinley. Open to package deal! Major opportunity to purchase all & own 1/2 a city block in Tacoma! All properties total 9 units across 4 buildings on 7 parcels! There is 7,000+ SF building space & almost a ½ acre land! HUGE VALUE-ADD through developing! C2 zoning allows a number of uses & a height limit of 45’! Buyer to verify info provided.

Additional Information

Community
McKinley
Style
60 - Comm Bldg Und 10K
Year Built
1904
# of Assigned Spaces
7
Roof
Composition
Tax Year
2023
Potential Terms
Cash Out, Conventional
Interior Features
Concrete
Flooring
Concrete, Vinyl Plank
Driving Directions
Go South down Mckinley from 56th St. 6316 Mckinley is on your Right, just before stop light at E 64th St and Mckinley Ave.
Other Expenses
1200
Energy Source
Electric, Natural Gas
Buyer Agency Compensation
2
Net Operating Income
$47,164
Gross Adjusted Income
$54,300
Gross Scheduled Income
$54,300
Cap Rate
10.5
Total Expenses
$7,136
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