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Listing Provided Courtesy Of:
Sterling Johnston Real Estate and NWMLS
Address
120 136th Street S #1-64 Tacoma, WA
Price
$ 7,900,000
Property Attributes
  • ML#1681200
  • TypePending
  • CountyPIERCE
  • CityTacoma
  • AreaParkland
  • NeighborhoodParkland
  • Zip98444
  • Style10+ Units
  • Year Built1969
  • Taxes61815
  • Price$ 7,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage39435
  • Lot Size2.23 Acres
Listing Provided Courtesy Of:
Sterling Johnston Real Estate and NWMLS
Property Description

64 Units,Garden style,Market CAP Rate 5.6%,Less than $125k per unit with potential income upside up to 18+%,Over the past 5 years rents have increased 16% in Parkland,minutes to PLU & 10 minutes to downtown Tacoma,new roofs with transferable warranties all buildings,new siding on multiple south&west sides of the buildings,dual pane windows,upgraded landscaping & walkways between buildings.on-site office,on-site laundry,dishwashers,oversized closets add interior laundry to increase rents more.

Price History
10/26/2020 Listed $8,300,000
12/4/2020 5% - $7,900,000

General Features

Amenities Storage, Thermal Windows
Exterior Features Wood
Flooring Laminate, Vinyl, Carpet
High School District Tacoma
New Construction No
Property SubType Multi-Family
Property Type Residential Income
Sewer Sewer Connected
Standard Status Pending
Structure Type Multi Family
Subdivision Name Parkland
Total Units 64
Units Below Grade false
Units In Building Total 64

Interior Features

Fireplace Y/N No
Power Production Type Electric

Exterior Features

Building Area Total 39435
Lot Size Units Square Feet
Parking Uncovered Spaces 86
Site Features Cable TV
Total Parking 86
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 98444

Price
AVG $550K
$7.9M
Taxes
AVG $4,523
$61,815
Visits
AVG 94
130
Year Built
AVG 1966
1969
Walkscore
AVG 46
61
Data Provided by Walkscore ® not using MLS data

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