5223 - 5227 Pacific Ave $300,100

    Close

    5223 - 5227 Pacific Ave Tacoma, WA 98408

    Sold
    SOLD 9/11/2019

    $300,100

    • 0.17 Acres
    • Commercial/Industrial
    • Listing# 1505042
    Favorite Share
    Views: 2 Days On Market: 121

    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
      • Approx Building SqFt 1,892
      • Approx Office SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Commercial
      • Style 60-Comm Bldg Und 10K
      • Total Covered Parking 0
      • Total Uncovered Parking 10
      • Zoning Jurisdiction City
    • 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
      • 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
      • Lot Square Footage 7,500
    • 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
      • Other Expenses $0
      • Tax Year 2019
      • Annual Assoc. Dues $0

    Neighborhood

    98408 (Tacoma) Demographics

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

    Market Last 30 Days

    $319,250 Median Sales Price
    26 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        9/11/2019 12:00:00 AM Sold Source New Value: $300,100
        8/21/2019 4:11:07 PM Status Changed Source New Value: Pending

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        *This Payment Calculator is intended for educational and planning purposes only.

        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, 2020. 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.