606 N Anderson Road, Tacoma, WA 98406
- $4,950,000
Listing courtesy of Kidder Mathews.
- List Price
- $4,950,000
- Status
- ACTIVE
- MLS#
- 2220764
- Days on Market
- 29
- Style
- 56 - 10+ Units
- Annual Tax Ammount
- 39847
- Lot Size (sq ft)
- 14,810
- Sewer
- Available
Property Description
Built in 1967, this two story 24 unit community is comprised of studio, 1 and 2-bedroom units averaging roughly 570 SF. 17 of the 24-units have seen interior renovations. New ownership can add value through completing the renovation schedule and improving property operations. In addition to interior upgrades, the seller has competed many exterior improvements that include – new exterior paint, new balcony decking, siding, landscaping and improvements to the laundry and storage rooms. Extremely well located, the Anderson apartments are walking distance to Tacoma’s 6th avenue district that is famous for their musical entertainment, wide array of dining choices and vibrant nightlife.
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Additional Information
- List Date
- 2024-04-09 18:11:08
- Community
- North Tacoma
- Net Operating Income
- $247,697
- Gross Adjusted Income
- $402,536
- Gross Scheduled Income
- $423,722
- Total Monthly Income
- $35,310
- Insurance Expenses
- $15,324
- Water/Sewer/Garbage Expenses
- $32,741
- Gross Rent Multiplier
- 11.6
- Total Expenses
- $154,839
- Cap Rate
- 5
- Vacancy Rate
- 5
- Total Number of Units
- 24
- Unit Name
- 606
- Potential Terms
- Conventional
- Year Built
- 1967
- Roof
- Flat
- Other Expenses
- 66927
- Energy Source
- Electric
- School District
- Fife
- Total Monthly Income
- $35,310
- Gross Scheduled Income
- $423,722
- Vacancy Rate
- 5
- Gross Adjusted Income
- $402,536
- Tax Year
- 2024
- Insurance Expense
- $15,324
- W/S/G Expenses
- $32,741
- Total Expenses
- $154,839
- Net Operating Income
- $247,697
- Gross Rent Multiplier
- 11.6
- Cap Rate
- 5
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