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- 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