1201 N 11th Street, Tacoma, WA 98403

$1,299,000
5,250
SqFt

Listing courtesy of Mosaic Realty.

List Price
$1,299,000
Status
ACTIVE
MLS#
2200662
Days on Market
156
Style
55 - 5-9 Units
Finished SqFt
5,250
Area Total SqFt
5250
Annual Tax Ammount
8676
Lot Size (sq ft)
2,650
Sewer
Sewer Connected

Property Description

This spectacular North End Tacoma 5-plex is your next investment opportunity! This property has 2 upstairs two-bedroom, one bath units and on the main floor, 3 one-bedroom one bathroom units. One lucky tenant gets a partial bay view (Unit 4). But not to worry, there are endless positives to boast about with a spacious layout that provides a comfortable living space for tenants to enjoy, new roof in 2018, resealed brick exterior in 2019, a shared laundry area in the basement with additional storage space for each unit. Within walking distance to a wide array of restaurants, shopping and entertainment!

Additional Information

List Date
2024-02-15 18:02:18
Community
North Tacoma
Net Operating Income
$68,809
Gross Adjusted Income
$75,024
Gross Scheduled Income
$83,700
Total Monthly Income
$6,900
Insurance Expenses
$3,415
Water/Sewer/Garbage Expenses
$8,274
Gross Rent Multiplier
15.51
Total Expenses
$23,165
Cap Rate
5.3
Total Number of Units
5
Unit Name
1201
Potential Terms
Cash Out, Conventional
Year Built
1923
View
Bay
Roof
Flat
Site Features
Deck, Gas Available
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
$6,900
Gross Scheduled Income
$83,700
Gross Adjusted Income
$75,024
Tax Year
2023
Insurance Expense
$3,415
W/S/G Expenses
$8,274
Total Expenses
$23,165
Net Operating Income
$68,809
Gross Rent Multiplier
15.51
Cap Rate
5.3
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