764 S 38th Street, Tacoma, WA 98418

$1,750,000

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Listing courtesy of Vantage Real Estate.

List Price
$1,750,000
Status
ACTIVE
MLS#
2443366
Days on Market
290
Annual Tax Ammount
7180

Property Description

Lincoln commercial unit with 5 units on the street level, ground floor, in the revitalized Lincoln Business District and International District. Popular restaurant as anchor. Ground floor commercial spaces all occupied. Opportunity to utilize the second floor of the building as office or retail space for additional rental income (buyer to verify).

Additional Information

Community
Lincoln
Style
75 - Retail
Year Built
1906
Roof
Flat
Tax Year
2025
Potential Terms
Cash Out, Conventional, Owner Financing
Driving Directions
At the intersection of S 38th St and S Yakima Ave
Other Expenses
3000
Energy Source
Electric, Natural Gas
Net Operating Income
$79,392
Gross Adjusted Income
$105,172
Gross Scheduled Income
$105,172
Water/Sewer/Garbage Expenses
$8,400
Cap Rate
4.5
Total Expenses
$25,780
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Calculator source: Real Geeks