8624 Pacific Ave - Apartments FOR SALE


Tacoma, WA 98444- South End
$4,595,000 USD
253-779-8400
8624 Pacific Ave, Tacoma, WA for Sale
$4,595,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

8624 Pacific Ave
Tacoma, WA 98444
South End


OVERVIEW

• Sixteen Unit Town Home Apartments • Two bedroom, 1 + ¼ bath units • On-site laundry • Frontage on Pacific Ave S • Potential to convert leasing office into studio unit for additional upside • New roofs on both buildings • On-Site Laundry facility with room for expansion • Completely updated electrical system by Madsen Electric, separately metered units • Extra land area for amenities and upgrades • Designated on-site parking • Many recently upgraded units, please see pictures, great floor plans • Potential upside for new ownership for increased rental rates adjusted to market • Efficient units with solid construction including block walls between the units, private rear yard areas • Potential to convert office into studio unit for increased cash flow, plumbing and wiring exists for conversion. • Most current lease renewal is at $1,750.00 per month. • Model unit #13 has fireplace • Additional parking fees and laundry income • Mini-storage across the street for easy access

FOR SALE DETAILS

PRICE

$4,595,000 USD

PRICE/SF

$287 USD /SF

# OF UNITS

16

PRICE/UNIT

$287,188

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The DeVille Townhouses

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,588 SF

ZONING

R4L

APN/PARCEL ID

032033-2178

ASK ABOUT THIS PROPERTY

Derrick UrquhartNeil Walter CompanyMore Info
253-779-8400

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Derrick UrquhartNeil Walter CompanyMore Info
253-779-8400

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