2712-2716 South 12th Street - Apartments FOR SALE


Tacoma, WA 98405- Central
$1,790,000 USD
206-250-6961
2712-2716 South 12th Street, Tacoma, WA for Sale
$1,790,000 USD
Apartments - FOR SALE
1/22
null | 4.2% Cap Rate

2712-2716 South 12th Street
Tacoma, WA 98405
Central


HIGHLIGHTS

  • 100% Occupied
  • Near Franklin Park

OVERVIEW

Fantastic opportunity to add an 8-unit multifamily deal to your portfolio. These two 4plexes in Central Tacoma are on 2 sep parcels but have been operating as one investment property for the current owners since 2014. Use 2 resi loans or 1 comm loan. Units are 2-bd,1-ba, apprx 696 sqft. CapEx improvements to note include a new TPO roof (2020) for 2716, pex plumbing (2016) for 2716 #1 & #3 & new paint/drywall (2024) in 2712 #2. Rent increase notices given to 4 units on 12/1/24. There is onsite w/d. Units are separately metered for hot water. There are 10 off-street parking spots off alley. *NO SELLER FINANCING AVAILABLE* Sellers are retiring and scaling back investments.

FOR SALE DETAILS

PRICE

$1,790,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

8

PRICE/UNIT

$223,750

CAP RATE

4.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fantastic Central Tacoma 8-Unit Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,925 SF

ZONING

-

APN/PARCEL ID

347500-0104,347500-0105

ASK ABOUT THIS PROPERTY

Brandon VukelichMultifamily PropertiesMore Info
206-250-6961

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Brandon VukelichMultifamily PropertiesMore Info
206-250-6961

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