7603 Pacific Ave - Apartments FOR SALE


Tacoma, WA 98408- South End
$3,800,000 USD
253-381-5878
7603 Pacific Ave, Tacoma, WA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

7603 Pacific Ave
Tacoma, WA 98408
South End


OVERVIEW

This well-located multi-family property presents a strong investment opportunity with significant upside potential. Set on a 0.809-acre lot, the property consists of two buildings. The front building offers 12 one-bedroom units, with five units recently remodeled and others currently undergoing renovations. A new roof has also been installed on the south side of the building. The rear building, a 3-story structure built in 1989, contains nine spacious two-bedroom units.Conveniently situated near 74th & Pacific, this property is within walking distance to Fred Meyer, various shopping and dining options, and major bus lines. Tenants also benefit from on-site laundry facilities and ample parking.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$272 USD /SF

# OF UNITS

21

PRICE/UNIT

$180,952

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Madrona Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,800 SF

ZONING

R 4 L, Tacoma

APN/PARCEL ID

785000-0660

ASK ABOUT THIS PROPERTY

Francie ZanuzoskiJohn L. Scott R.e.tacoma NorthMore Info
253-381-5878

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Francie ZanuzoskiJohn L. Scott R.e.tacoma NorthMore Info
253-381-5878

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