14117 C Street S

Tacoma, WA 98444
$5,995,000
  • 20,400 Sq. Ft.
  • 1972 Year Built
  • 1.12 Acres

Property Highlights

Acreage:
1.12 acres

Listing Courtesy of Northwest MLS / Westlake Associates, Inc.

  • Property Description
    Hudson Court provides an opportunity to acquire a fully renovated building in a growing developing community just blocks away from Pacific Lutheran University. At the asking price of $5,995,000, the underwriting poses an in-place 5.11% cap rate with a market cap rate of 5.68% on current asking rents. The average 1x1 is in-place at $1084, however most recent 1x1 have rented for $1225. The average 2x1 sits at $1280 with the most recent rent being $1395. This provides 10% rental upside on the proven most recent leasing activity. There is also the opportunity to further pursue the feasibility of adding laundry to the units. Adding laundry demonstrates possible upside of 25%-40% rental upside!
  • Property Details
    • MLS ID:
      1852841
    • Area:
      Parkland
    • Community:
      Brookdale
    • County:
      Pierce County
    • Flooring:
      Vinyl Plank, Carpet
    • Lot Size Sq. Ft.:
      48,787
    • Property Subtype:
      Multi-Family
    • Property Type:
      Residential Income
    • Status:
      Pending
    • Year Built:
      1972
  • Additional Highlights
    • Exterior:
      Wood
    • Furnished:
      Unfurnished
    • Heating / Cooling:
      Baseboard
    • Parking:
      30
    • Roofing:
      Composition
    • Total Number of Units:
      30
  • Taxes and Fees
    • Taxes (Est):
      $31,296
    • Taxes (Year):
      2020

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Location

14117 C Street S, Tacoma Washington, 98444 United States

Similar listings to

14117 C Street S, Tacoma, Washington 98444 United States

Tacoma Neighborhood

Price Range :
$189K-$3.5M

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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Local Info

ELEMENTARY SCHOOL

Brookdale Elementary

Grade :
PK - 5
Address :
11213 S Sheridan Ave
HIGH SCHOOL

Gates Secondary School

Grade :
8 - 12
Address :
813 132nd Street S

Private Schools

  • School
  • Grade
  • Address
  • Faith Lutheran School
  • PK - 8
  • 113 S 96th St
  • Imagination School
  • PK - 6
  • 14824 C St S

School data provided by SchoolDigger.

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14117 C Street S, 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.