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.
- Property TypeMulti-Family
- NeighborhoodNorth Tacoma
- CountyPierce
- Taxes$4,268
- HOA/Condo/Coop Fees$0
- Days on Site91 Days
- MLS StatusPending
- MLS ID Number2182578
- Home Size Source N/A
- Year Built1905
- Lot Size0.1492 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking R V Parking
- Parking Spaces 8
- Number of Stories 3
- Acreage 0.1492
- Water Public
- Property Sub Type Multi Family
- Sewer Sewer Connected
- Lot Features AlleyCorner LotCurbsPavedSidewalk
- Parking Total 8
Interior Features
- Cooling Other – See Remarks
- Heating Baseboard
- Flooring Ceramic TileLaminateVinyl PlankCarpet
- Interior Ceramic TileWall to Wall CarpetLaminate
- Fireplaces 0
- Fireplace No
Exterior Features
- Roof Composition
- View BayPartialSoundTerritorial
- Waterfront Property No
- Exterior Wood
- Lot AlleyCorner LotCurbsPavedSidewalk
Community Features
- Association Dues 0
- Senior Community No
- MLS Area 21 - North Tacoma