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Listed by:Blake Investment Advisors • Gabe Blake
$1,100,000
Est. payment /mo
5 Beds
7 Baths
3,000 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision North Tacoma
MLS Listing ID 2568515
Style 55 - 5-9 Units
Bedrooms 5
Year Built 1904
Annual Tax Amount $11,654
Lot Size 3,000 Sqft
Property Sub-Type Multi Family
Property Description
$157,143 PER UNIT IN A+ TACOMA LOCATION | The Prime Stadium District 7-Unit is a turnkey apartment investment in one of Tacoma's most sought-after neighborhoods. The three-story building consists of five one-bedroom units averaging approximately 606 square feet and two studios averaging approximately 520 square feet, a unit mix that has proven easy to keep full in this submarket. The renovation work is already done. Current ownership has updated every unit with a mix of refinished hardwood floors, granite countertops, new kitchen cabinetry, stainless steel appliances, tiled backsplashes, new bathroom tub surrounds, vanities, toilets, and LED lighting. Ownership also installed a brand-new composition roof last year, taking the largest near-term capital expense off the table for a new owner. Units 1 and 6 have in-unit washers and dryers, and the remaining units share a common laundry room in the basement. The property sits on a corner lot within walking distance of the restaurants, retail, and amenities that define the Stadium District, with convenient access to Tacoma's major employment centers. That location, in a safe and affluent neighborhood, is why operations have been exceptionally stable with near-zero economic vacancy throughout current ownership.
Location
State WA
County Pierce
Area 13 - North Tacoma
Interior
Fireplace false
Exterior
Exterior Feature Stucco
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Tacoma
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
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