3609 South K Street
Tacoma, WA 98418
$895,000
Price
6
Beds
5
Baths
3,024 Sq. Ft.
$296 / Sq. Ft.
3,024
Sq. Ft.
$296
per Sq. Ft.
Listing provided courtesy of Emerald Guardian Realty
Description
Turnkey 3-unit property, cap rate of 7.2% ready for cash flow. A great starter for owners wanting a low maintenance property. All units have been completely remodeled from studs out! Each unit has a private entrance, kitchen, and laundry. Touches of luxury throughout including wine fridge, coffee bar, dual sinks. Private cottage w/ hot tub, vaulted ceilings, air conditioning, and large covered deck and ample parking for guests. These units have remained in high demand with low vacancy. Easy access...Turnkey 3-unit property, cap rate of 7.2% ready for cash flow. A great starter for owners wanting a low maintenance property. All units have been completely remodeled from studs out! Each unit has a private entrance, kitchen, and laundry. Touches of luxury throughout including wine fridge, coffee bar, dual sinks. Private cottage w/ hot tub, vaulted ceilings, air conditioning, and large covered deck and ample parking for guests. These units have remained in high demand with low vacancy. Easy access to I5, JBLM, Tacoma Mall, and Hospitals for endless stream of qualified tenants. 2 units left vacant for showing, the basement MIL is rented for $1,340/mo – please do not disturb tenants. Total Pro-Forma rent of $5,950/month.
- Listed by Dakota Cruse • Emerald Guardian Realty
Property Details for 3609 South K Street
Community Name
Lincoln
School DistrictTacoma
ViewTerritorial
Number of Assigned Spaces5
Total Covered Parking0
Entry Date09-26-2024
Energy SourceElectric,Natural Gas
SewerSewer Connected
LISTING UPDATED: 11/13/2024 12:16 PM
Property Details for 3609 South K Street
| Status | Active |
|---|---|
| MLS # | 2296076 |
| Days on Market | 52 |
| Cumulative Days on Market | 52 |
| Taxes | $5,234 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1936 |
| Lot Size | 0.15 AC / 6,500 SF |
| County | Pierce County |
Building Information for 3609 South K Street
Stories2Residences3Year Built1936Building Size-Lot Size0.15 AC / 6,500 SF
Property Information for 3609 South K Street
Summary
Location and General Information
- Style: 53 - Tri-plex
- Site Features: Deck, Fenced-Partially, Gas Available, Hot Tub/Spa, Outbuildings
- Area: 50 - South Tacoma
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Effective Year Built Source: See Remarks
- Directions: From S Tacoma Wy, turn South on S M St, then East on S 36th St, then South on S K St, 3rd home down on your left. Ample street parking, keybox on front door. Additional parking in alley.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 5.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Description: Main home & Mother In Law unit
- Virtual Tour URL Description2: Rear Cottage
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Ceramic Tile, Laminate, Vinyl Plank, Carpet
- Features: Ceramic Tile, Laminate, Wall to Wall Carpet
- Amenities: Basement,See Remarks
- Cooling: Yes
- Cooling: Ductless HP-Mini Split
- Fireplace: No
- Heating: Yes
- Heating: Ductless HP-Mini Split, Forced Air
- Spa: Yes
- FIRPTA: No
Exterior Features
- Exterior: Cement Planked, Wood, Wood Products
- Roof: Composition
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 3360
- Power Company: Tacoma
- Sewer Company: Tacoma
- Water Company: Tacoma
- Power Production Type: Electric, Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Post & Pillar, Poured Concrete
- Zoning Class: Residential
- First Right Of Refusal: false
- Possible Use: Residential
- Letter On File: Duplicate Prop Type
- MLS Square Footage Source: Appraisal
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 2020
- Photos Count: 26
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Dimensions: 130'x50'
- Lot Number: 5
- Lot Size Source: Realist
- Parcel Number Free Text: 8935012920
- Building Condition: Good
- Calculated Square Footage: 3024
- Structure Type: Triplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3024.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 5
- Number of Stories in Building: 2
- Vacancy Rate: 1
- Number Of Units Total: 3
- Units Below Grade: true
- Units In Building Total: 3
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 10111
- Gross Adjusted Income: 74071
- Gross Rent Multiplier: 13.03
- Gross Scheduled Income: $74,820
- Insurance Expense: $1,517
- Net Operating Income: $63,961
- Other Expenses: $0
- Total Monthly Income: 5950
- Fuel Expense: $0
Unit 1
- Name Unit 1: UP
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1356
- Rent Unit 1: $2,450.00
- Bedrooms Unit 1: 3
- Fireplaces Unit 1: 1
- Bathrooms Unit 1: 2
Unit 2
- Name Unit 2: LL
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 890
- Rent Unit 2: $1,400.00
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 2
Unit 3
- Name Unit 3: Cot
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 780
- Rent Unit 3: $2,100.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 2
Rental
Rent Information
- Occupant Type: Vacant
- Leasable Area: 3024.0
- Leasable Area Units: Square Feet
Property History for 3609 South K Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 3609 South K Street
This home is within Tacoma School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Whitman Elementary School PublicPK to 5 | ||
Angelo Giaudrone Middle School Public6 to 8 | ||
Lincoln High School Public9 to 12 | ||
Tacoma Open Doors Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Emerald Guardian Realty
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
