Crystal Springs

120 136th St S, TacomaWA 98444

Attachments

$7,900,000

Listing Details

List Price
$7,900,000
Listing Price Per SF
$200.33
Total Income
$672,417
Total Expenses
$297,573
NOI
$341,223
Cap Rate
4.32%
List Date
10/26/2020
Listing ID
10969069

Remarks

64 Units, Garden style, Value add opportunity. Less than $124k per unit with potential income upside up to 19+%. Over the past 5 years rents have increased 16.2% in Parkland, minutes to PLU & 10 minutes to downtown Tacoma, new roofs with transferable warranties for all buildings, new siding on multiple south & west sides of the buildings, dual pane windows, upgraded landscaping and walkways between buildings. On-site office, on-site laundry, dishwashers, oversized closets; add interior laundry to increase rents, even more. Tax iD #: 0319163064; 2695002902; 2695002903

Videos and Virtual Tours

Space Details

Primary Use
Multi-Family
Investment
Yes
Vacancy Factor
5%
Real Estate Taxes
$61,815 in 2020
Annual Taxes
$61,815 in 2020

Unit Information

52 units
1 Bed/1 Bath
585 SF (Avg)
12 units
2 Bed/1 Bath
753 SF (Avg)

Contact

Donna Marshall

Capstone Real Estate Group

Daniel Swanson

Kidder Mathews

Property Highlights

Type
 Multi-Family  
 Pending
Size
39,435 SF, 2.23 Acres
Number of Units
64
Number of Buildings, Floors
5 , 2
In Opportunity Zone
Yes
Submarket
CBA Parkland/Midland
CBA

Source: Commercial Brokers Association (CBA)

More Information

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