$1,425,000
N K Street, Tacoma, 98403
601 N K Street , Tacoma, WA 98403
Investors! Capitalize on this high-performing, turnkey building in North End Tacoma. This is a 100% leased asset where the commercial anchor tenant (66 years in business) has a new 20-year NNN lease with 3% annual increases! Actual Cap Rate is 7.42%. Potential for value add by building units in the rear of the property with alley access. This corner property has water views from the 3rd floor and it's located in one of the most prized neighborhoods of Tacoma. The main commercial tenant's space was completely renovated in 2019. The building has three commercial spaces occupied by one commercial tenant and three residential apartments with eight off-street parking spots. Near to the new rail system, medical, retail, restaurants & parks.
Listing Courtesy of
City Closers Real Estate
Source Northwest MLS
Media
- Photos
PROPERTY DETAILS
- Mls Id2182578
- StatusPending
- AreaNorth Tacoma
- Foundation DetailsPoured Concrete
- FlooringCeramic Tile, Laminate, Vinyl Plank, Carpet
- CarportNo
- CityTacoma
- CountyPierce
- Exterior FeaturesWood
- FireplaceNo
- High School DistrictTacoma
- Interior FeaturesCeramic Tile, Wall to Wall Carpet, Laminate
- Living Area0 Square Feet
- Lot FeaturesAlley, Corner Lot, Curbs, Paved, Sidewalk
- Lot Acres0.1492
- Lot Square Feet6500
- New ConstructionNo
- Parking FeaturesRV Parking
- Zip Code98403
- Property TypeMulti-Family
- RoofComposition
- SewerSewer Connected
- WaterfrontNo
- Water SourcePublic
- Year Built1905
- Checked For Updates2024-05-14 01:01:21 PDT
Based on information submitted to the MLS GRID as of 2024-05-14 01:01:21 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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