166 112th St Ct

Tacoma, WA 98445
$5,000,000
  • 1988 Year Built
  • 0.97 Acres

Property Highlights

Acreage:
0.97 acres

Listing Courtesy of Northwest MLS / Kidder Mathews

  • Property Description
    Constructed in 1988, Sherwood Terrace consists of four two-story wood framed residential buildings spread across a roughly 1-acre parcel. This 24-unit complex holds spacious 2-bedroom, 1-bath and 2-bedroom, 1.5 bath layouts averaging ±932 SF. Meticulously maintained and self-managed, this unique offering is being offered to investors for the first time in 15+ years. Primed for renovation, this value-add opportunity offers significant rental upside as rents are currently below market, and majority of homes (83%) are ripe for renovation to capture additional rent premiums. Sherwood Terrace presents and ideal first-generation value-add opportunity through maximizing operations with professional management, and interior renovations.
  • Property Details
    • MLS ID:
      1730648
    • Area:
      Parkland
    • Community:
      Parkland
    • County:
      Pierce County
    • Flooring:
      See Remarks
    • Lot Size:
      42100
    • Lot Size Sq. Ft.:
      42,100
    • Property Type:
      Multi-Family
    • Status:
      Pending
    • Year Built:
      1988
  • Additional Highlights
    • Exterior:
      Cement Planked
    • Gross Income:
      $374,284
    • Heating / Cooling:
      Forced Air
    • Roofing:
      Composition
    • Water/Sewer/Garbage:
      38796
    • Zoning:
      Multi-Family
  • Taxes and Fees
    • Taxes (Est):
      $45,219
    • Taxes (Year):
      2020
    • Total Operating Expense:
      $139,515

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Location

166 112th St Ct, Tacoma Washington, 98445 United States

Tacoma Neighborhood

Price Range :
$217K-$8.9M

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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166 112th St Ct, Tacoma Washington, 98445 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.