1405 Martin Luther King Jr Way - Apartments FOR SALE


Tacoma, WA 98405- Stadium District
$1,500,000 USD
253-640-6688
1405 Martin Luther King Jr Way, Tacoma, WA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/35
null | 6.57% Cap Rate

1405 Martin Luther King Jr Way
Tacoma, WA 98405
Stadium District


OVERVIEW

Are you looking for your next multi family investment? Maybe 1031 exchange? Look no further! This 10 unit apartment complex in Hilltop is an incredible opportunity and perfect for your portfolio! Very conforming 2 story complex with 5 units down, 5 units up, a laundry room, and storage room! Each unit is a 1 bed 1 bath and all separately metered! Various updates have been done throughout the interiors and exterior of the property! This is a prime location conveniently located on the Tacoma Link Light Rail, nearby UW Tacoma, Stadium District, Hospitals, restaurants, shops, entertainment, and more! Fully gated property for security and a dog run out back! This has everything you need for your next investment! Hurry before it's gone!

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$264 USD /SF

# OF UNITS

10

PRICE/UNIT

$150,000

CAP RATE

6.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Plaza

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,499 SF

ZONING

NCX

APN/PARCEL ID

201421-0020

ASK ABOUT THIS PROPERTY

Ronald DudleyTheory Real EstateMore Info
253-640-6688

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Ronald DudleyTheory Real EstateMore Info
253-640-6688

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.