516 N K St
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516 N K St
3 Unit Apartment Building Offered at £586,838 at a 5.90% Net Initial Yield in Tacoma, WA 98403
Executive Summary
Solid Triplex located in the highly desirable North Slope neighborhood. House in the front, duplex in the back. House is 650 SF, 1 bed / 1 bath with basement; Duplex units are both 750 SF, 2 bed / 1 bath; all have individual washer/dryers. Roofs have been recently replaced; interiors have been updated. This turn-key property is an excellent investment opportunity @6% Cap, or perfect for owner-occupant/ house hack. House is month-to-month, duplex units leased through March 2025. Great location; close to everything.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £586,838 | Apartment Style | Single Family Home |
| Price Per Unit | £195,613 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 2,142 SF |
| Net Initial Yield | 5.90% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.4 | Number of Floors | 2 |
| No. Units | 3 | Year Built | 1933 |
| Property Type | Residential |
| Price | £586,838 |
| Price Per Unit | £195,613 |
| Sale Type | Investment |
| Net Initial Yield | 5.90% |
| Gross Rent Multiplier | 13.4 |
| No. Units | 3 |
| Property Type | Residential |
| Apartment Style | Single Family Home |
| Lot Size | 0.07 AC |
| Building Size | 2,142 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1933 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 1 | £1,150 | 654 |
| 2+1 | 2 | £1,137 | 745 |
1 of 1
Walk Score ®
Very Walkable (74)
-
Charles Burnett -
Sound Realty Group, Inc
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516 N K St
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