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1420 112th St S
Tacoma, WA 98444 Parkland

$2,250,000 USD

Apartments For Sale • 8,177 SF

Property Details

Property Type Apartments
Total Building Size 8,177 SF
Lot Size 0.57 AC
Building Class C
Year Built 1954
Zoning SF, Tacoma

0 Transit Score

46 Walk Score

                
                    Highlights
                
                                Value Add Opportunity: Will be available to capture significant rental upside through renovations
                            
                                Rare Opportunity: Going in basis below $145k per unit in Tacoma
                            
                                Significant Upside: Ability to stabilize north of a 7% cap rate after renovations
                            
                                Updated Units: More than half of the units received major updates
                            
                                Short Drive to Downtown Tacoma: 15-minute drive to Downtown Tacoma
                            
                                Ample Parking for Residents: 24 off-street surface parking for residents

Amenities

Cable Ready
Laundry Facilities
Storage Space
Smoke Free
Trash Pickup - Curbside
Kitchen
Granite Countertops
Refrigerator
Oven
Range
Tub/Shower
Double Pane Windows
Lawn

Public Transportation

Commuter Rail	Drive	Walk	Distance
Lakewood Station (Seattle - Tacoma/Lakewood - Sound Transit)	5 min	-	3.1 mi
South Tacoma Station (Seattle - Tacoma/Lakewood - Sound Transit)	8 min	-	5.0 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	44 min	-	28.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	24
Type:	Surface
Included in Rent:	Yes

Sid Warsinske 206-826-5672 Marcus & Millichap

1420 112th St S Tacoma, WA 98444 Parkland