2902 N Carr Street
Tacoma,
WA $3,625,000
First time on the market in decades! Same ownership for over 30 years. This property located in North Tacoma, which features 8 two-bedroom units and 8 one-bedroom units, has been a consistent income producer. Happy tenants + great location!In the heart of Old Town, this property is just a few blocks away from Ruston Way, shops, restaurants. Easy freeway access and just a short distance to Proctor & Stadium.With a low vacancy rate, this is a great addition to your investment portfolio!
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Listing ID1983014
Sold For$3,625,000
StatusClosed
Sold Date9/30/2022
SqFt
10,033
Acres
0.413
CountyPierce
SubdivisionOld Town
Year Built1968
Property TypeResidential Income
Property Sub TypeMulti-Family
County
Pierce
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
Old Town
Year Built
1968
Building Area Units
Square Feet
Flooring
Vinyl, Carpet
Furnished
Unfurnished
Heating Cooling Type
Baseboard
Interior Features
Wall to Wall Carpet
Living Area Units
Square Feet
Stories Total
2
Elevation Units
Feet
Exterior Features
Wood, Wood Products
Foundation Details
Poured Concrete
Lot Features
Curbs, Paved, Sidewalk
Lot Size Square Feet
18000
Lot Size Units
Square Feet
MLS Lot Size Source
Realist
Open Parking Spaces
24
Parking Total
24
Parking Uncovered Spaces
24
Roof
Composition
Sewer
Sewer Connected
Sewer Company
TPU
Structure Type
Multi Family
Style Code
56 - 10+ Units
Units Below Grade
false
Units In Building Total
16
Utilities
Cable Connected, High Speed Internet, Sewer Connected, Electricity Available
Water Company
TPU
Water Sewer Garbage
21241
Water Source
Public
Building Area Total
10033
Country
US
Elementary School
Lowell
High School
Stadium
High School District
Tacoma
Middle Or Junior School
HilltopHeritageMiddle
MLS Area Major
18 - North Tacoma
View
Partial, Sound
Waterfront
no
Zoning Class
Multi-Family,Office
Zoning Jurisdiction
City
Amenities
Coin Op Laundry,Storage,Thermal Windows
Effective Year Built Source
Public Records
First Right Of Refusal
no
Green Energy Efficient
Thermal Windows
Mls Status
Sold
Offers
Seller intends to review offers upon receipt
Possible Use
Multi-Family, Office
Power Company
TPU
Power Production Type
Electric
Preliminary Title Ordered
yes
Property Condition
Very Good
Show Map Link
yes
Site Features
Cable TV, Deck, High Speed Internet, Patio, Sprinkler System
Year Built Effective
1968
Buyer Financing
Cash
Cap Rate
3
Gross Adjusted Income
203383
Gross Rent Multiplier
1.65
Gross Scheduled Income
217723
Insurance Expense
6204
Leasable Area
9584
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
106454
Other Expense
44743
Possession
Tenant's Rights
Sale Type
MLS
Seller Disclosure
Provided
Special Listing Conditions
None
Tax Annual Amount
24741
Tax Year
2021
Total Expenses
96929
Total Monthly Income
18144
Vacancy Rate
6
Schedule a Showing - Listing ID 1983014
Schedule a Showing
Schedule a Showing - Listing ID 1983014
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