5223 - 5227 Pacific Ave $279,950

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    5223 - 5227 Pacific Ave Tacoma, WA 98408

    • 0.17 Acres
    • Commercial/Industrial
    Listing# 1505042 | Pending

    $279,950

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    Days On Market: 10 1 Views
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    Property Details

    Great investment opportunity! This property includes 2 buildings: retail space at the front, and a duplex to the back of the property. Front building is a 573 SF Retail space with 1/2 bath and excellent visibility on Pacific Ave; the back building is two, 660 SF, 1 bedroom, 1 bathroom, units with gas furnaces & washer/dryer hookups inside both units. Also features newer roofs and parking for up to 10 vehicles. Potential for 6.77 cap rate with tenants paying utilities. Tenants are MTM

    • General Features
      • County Pierce
      • Zoning Class Commercial
      • Zoning Jurisdiction City
      • Style 60-Comm Bldg Und 10K
      • Approx Building SqFt 1,892
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 0
      • Total Uncovered Parking 10
      • Total Covered Parking 0
    • Building Features
      • Exterior Cement/Concrete
      • Foundation Slab
      • Roof Composition, Flat
      • Floor Covering Vinyl, Wall-to-Wall Carpet
      • Features Storage
      • Heating and Cooling Forced Air
    • Property Features
      • Lot Square Footage 7,500
      • Depth of Lot 125
      • Site Frontage 60
      • Environment Survey N
      • Water-Sewer-Garbage 5397
      • Sewer Sewer Connected
      • Sewer Company TPU
      • Energy Source Electric, Natural Gas
      • Power Company TPU
      • Number of Available Pads 0
    • Financials
      • Free and Clear Y
      • Vacancy Rate 0
      • Total SqFt Rented 1,892
      • Total Monthly Rent $2,400
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 6.77
      • Gross Scheduled Income $28,800
      • Gross Adjusted Income $0
      • Total Expenses $0
      • NOI $18,951
      • Electrical Expenses $0
      • Tax Expense $2,558
      • Heating Expense $0
      • Insurance Expense $1,354
      • Annual Assoc. Dues $0
      • Other Expenses $0
      • Tax Year 2019

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    Neighborhood

    98408 (Tacoma) Demographics

    36Median Age
    5,793Population Density (per sq. mile)
    26%College Educated
    $51,616 Estimated Median Income
    4,089Estimated Total Home Owners
    2,983Estimated Total Renters
    58% / 42%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    19,585Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $285,500 Median Sales Price
    30 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $279,950
        8/21/2019 4:11:07 PM Status Changed Source New Value: Pending
        8/13/2019 1:51:00 PM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.