120 136th St S #1-64

Tacoma, WA 98444
$7,900,000
  • 39,435 Sq. Ft.
  • 1969 Year Built
  • 2.23 Acres

Property Highlights

Acreage:
2.23 acres

Listing Courtesy of Northwest MLS / Sterling Johnston Real Estate

  • 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.
  • Property Details
    • MLS ID:
      1681200
    • Area:
      Parkland
    • Community:
      Parkland
    • County:
      Pierce County
    • Flooring:
      Laminate Hardwood, Vinyl, Wall to Wall Carpet
    • Interior Square Footage:
      39,435
    • Lot Size Sq. Ft.:
      97,173
    • Lot Style:
      Corner Lot, Curbs, Paved Street, Sidewalk
    • Property Type:
      Multi-Family
    • Status:
      Pending
    • Year Built:
      1969
  • Additional Highlights
    • Exterior:
      Wood
    • Gross Income:
      $640,270
    • Heating / Cooling:
      Forced Air, Wall
    • Roofing:
      Flat
    • Water Source:
      Public
    • Water/Sewer/Garbage:
      72176
    • Zoning:
      Multi-Family
  • Amenities
    • Amenities:
      Storage, Thermal Windows
  • Taxes and Fees
    • Taxes (Est):
      $61,815
    • Taxes (Year):
      2020
    • Total Operating Expense:
      $297,425

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Location

120 136th St S #1-64, Tacoma Washington, 98444 United States

Tacoma Neighborhood

Price Range :
$200K-$3M

Tacoma

An urban port city 30 minutes south of Seattle, Tacoma is the South Sound’s center for business activity. It draws many residents and visitors who use the extensive light rail system to attend courses at the University of Washington campus or catch their favorite entertainment act at the Tacoma Dome. Many artists call Tacoma home, as its art and historical scene thrives from the Chihuly Museum of Glass and LeMay Car Museum to the restored urban...

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120 136th St S #1-64, Tacoma Washington, 98444 United States

Disclaimer: The information contained in this listing has not been verified by Realogics Sotheby's International Realty and should be verified by the buyer.

Disclaimer: The information contained in this listing has not been verified by Realogics Sotheby's International Realty and should be verified by the buyer.