601 N K ST
TACOMA, WA 98403

$1,425,000

N/A Beds

0 Baths

3,840 Sq Ft

Status Pending

MLS# 2182578

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.

Details for 601 N K ST

Built in 1905

$371 / Sq Ft

8 parking spaces

Other – See Remarks

Baseboard

189 Days on website

0.1492 acres lot

Interior

Flooring

Ceramic Tile, Laminate, Vinyl Plank, Carpet

Interior Features

Ceramic Tile, Wall To Wall Carpet, Laminate

Living Area

3,840 SqFt.

Building And Construction

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Year Built

1905

Exterior And Lot

Exterior Features

Wood

Lot Size Acres

0.1492

Lot Size Square Feet

6500

Lot Size Units

Square Feet

Parking Features

Rv Parking

Parking Total

Utilities

Cooling

Other – See Remarks

Heating

Baseboard

Area And Schools

City

Tacoma

County Or Parish

Pierce

School District

Tacoma

Subdivision Name

North Tacoma

Financial Info

Buyer Agency Compensation^*

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$4,268.00

Tax Year

2023