2001 S 12th St

    Tacoma, WA 98405
    • $399,900
    • STATUS: Active
    • ON SITE: 47 days
    • ID#: 1591202
    UPDATED: 27 min ago
    $399,900
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1954
    County:

    School Ratings & Info

    Listing Courtesy of Mljackson Real Estate Llc.

    Description

    Commercial Auto Use building available for the first time in 15 years! Excellent location with street frontage and easy customer access. Currently Jandy's Tires leases from owner at a low $1,900/month with MTM lease, a lease rate from 2014 that never was increased. As a result, a great opportunity to buy with excellent upside for investor to increase CAP Rate to 10.1% and GRM of 9! If you own Auto Use business and are looking for a new shop to call your own, this is ready to owner occupy!

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than My Puget Sound Homes are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-06-04T13:15:41.187.

    www.mypugetsoundhomes.com/homes/105122728

    2001 S 12th St Tacoma, WA 98405

    • Price: $399,900
    • Status: Active
    • Updated: 27 min ago
    • ID#: 1591202
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    1954
    Built
    Neighborhood:
    Tacoma
    County:
    Pierce
    Area:
    Central Tacoma
    Property Description
    Commercial Auto Use building available for the first time in 15 years! Excellent location with street frontage and easy customer access. Currently Jandy's Tires leases from owner at a low $1,900/month with MTM lease, a lease rate from 2014 that never was increased. As a result, a great opportunity to buy with excellent upside for investor to increase CAP Rate to 10.1% and GRM of 9! If you own Auto Use business and are looking for a new shop to call your own, this is ready to owner occupy!
    Exterior Features

    Building Condition Average Exterior Cement/Concrete Foundation Slab Loading 4-6 Bays Lot Depth 0 Lot Topography And Vegetation Level Roof Flat Site Frontage 115 Style 60 - Comm Bldg Und 10K Total Covered Parking Spaces 6 Total Uncovered Parking Spaces 15 Waterfront Footage 0

    Interior Features

    Building Sq Ft 2501 Ceiling Height 18Ft Column Spacing 20Ft Floor Covering ConcreteVinyl Heating And Cooling Forced Air Office Sq Ft 0 Total Sq Ft Rented 2501

    Property Features

    Assessed Value Improvements 135800 Assessed Value Land 188300 Assessed Value Total 324100 Assessed Value Year 2020 Available Pads 0 Bank Owned No Boundary Survey 3.80 Cap Rate N Electrical Expenses 0 Energy Source Electric Environment Survey Y EPSEnergy 0 Expansion Area N Form17 Provided Free And Clear Y General Zoning Classification Commercial Gross Adjusted Income 22800 Gross Rent Multiplier 17 Gross Scheduled Income 22800 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1500 Lot Number 21 Net Operating Income 15396 Other Expenses 1500 Possession ClosingSee RemarksSub. Tenant's Rights Power Company Tpu Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company City Of Tacoma Tax Amount 4404 Tax Year 2020 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 7404 Total Expenses TEX 7404 Total Monthly Rent 1900 Vacancy Rate 0 Water Company City Of Tacoma Water Sewer Garbage 0 Water Source Public Zoning Jurisdiction City

    Listing information © 2020 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by My Puget Sound Homes and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than My Puget Sound Homes are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-06-04T13:15:41.187.

     
    My Puget Sound Homes
    33434 8th Ave South
    Federal Way, WA, 98003
    Listing Courtesy of Mljackson Real Estate Llc.