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Listed by:Windermere Prof Partners • Rob Mitchell

$689,010

Est. payment - /mo

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1 Bed

1 Bath

6,000 SqFt

Active

1637 CENTER ST Tacoma, WA 98409

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $114

Subdivision Central Tacoma

MLS Listing ID 2370493

Style 12 - 2 Story

Bedrooms 1

Full Baths 1

Year Built 1970

Annual Tax Amount $4,260

Lot Size 10,000 Sqft

Property Sub-Type Single Family Residence

Property Description

This property is 3 different lots. There is a tri-plex with 3 rental units, with rents of $4625 per mo. There is a home behind the tri-plex which rents for $1750 per mo. and another home behind that home that rents for $1950. in addition, there is a vacant lotto the East that is approx. 100 ft. and 40 feet in Center Street. There is a gross scheduled rental income of $99,900 at current rents which are low. The expenses of taxes @ $4260, sewer is $12,000 per year, and insurance of $3461. Tenant pays for their own water and electrical. Property is currently managed for the absentee owner. if you manage yourself, it can be a great investment with good cash flow. (9% cap rate at present.) Contract available.

Location

State WA

County Pierce

Area 26 - Central Tacoma

Rooms

Main Level Bedrooms 1

Interior

Flooring Hardwood

Fireplaces Type See Remarks

Fireplace false

Appliance See Remarks

Exterior

Exterior Feature Wood, Wood Products

View Y/N No

Roof Type Composition

Building

Story Two

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Stanley

High Schools Foss

School District Tacoma

Others

Senior Community No

Acceptable Financing Conventional

Listing Terms Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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