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Listed by Northmarq Multifamily, LLC
$3,095,000
Est. payment /mo
30 Beds
25 Baths
0.37 Acres Lot
New
4019 S Puget Sound AVE Tacoma, WA 98409
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision South Tacoma
MLS Listing ID 2405284
Style 56 - 10+ Units
Bedrooms 30
Year Built 2007
Annual Tax Amount $33,527
Lot Size 0.370 Acres
Property Sub-Type Multi Family
Property Description
We are pleased to present the Puget Sound Townhomes, a rare investment opportunity consisting of 10 well-maintained townhome-style units in Tacoma, WA. Each unit is 3 Beds / 2.5 Baths, approximately 1,301 sq ft with an attached garage and in unit full size WD. Built in 2007, the property consists of 5 tax parcels yielding a potential exit strategy to be sold as duplexes and single-family residences. The property is currently fully rented and operating at an in place 5.94% Cap Rate with significant rental upside to closer to a 7% Cap Rate.
Location
State WA
County Pierce
Area 48 - South Tacoma
Interior
Flooring Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Wood Products
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
Elementary Schools Reed
Middle Schools Giaudrone Mid Sch
High Schools Foss
School District Tacoma
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.