Sunrise Terrace

Multi-Family

8819 Pacific Ave S, TacomaWA 98444

Property Details

Location

Address
8819 Pacific Ave S, TacomaWA 98444
County
Pierce
Submarket
CBA South Tacoma
Parcels
0320333165

Building Size

Building Size
14,610 SF
Residential Space
14,610 SF
Rentable Space
14,610 SF

Building Details

Type
 Multi-Family
Number of Buildings
2
Number of Units
21
Occupancy Type
Number of Tenants
21
Percent Occupied
Building Class
Building Status
Existing
Floors
3
Year Built
2002
Sprinklers
No
Parking (Total Parking, Covered Parking, Uncovered Parking)
31 , 0, 31
Parking Ratio
Security System
Yes

Land & Utilities

Land (Acres)
0.86 Acres
Land (SF)
37,462 SF
Rail Service
No
Zoning
C1
Lot Depth
Lot Width

Contacts

Public Remarks

21-unit apartment community built in 2002, features large units each with dishwasher, fireplace, and washer/dryer. Two buildings are low maintenance with pitched composition roofs, security, and sprinkler system.

Current Listings

21-Unit Multifamily Property in Tacoma, WA

$3,400,000
Cap Rate: 6.25%

Built in 2002, Sunrise Terrace is a well-maintained 21-unit community located in Tacoma, one of the fastest growing apartment markets in the region. The Property features excellent access to Interstate-5, Highway 512, and Highway 7, providing access to local and regional employment hubs for its residents. Sunrise Terrace is also within minutes to Tacoma’s shopping, dining, and recreational amenities, making this particular micro location appealing for investors looking for opportunities in the path of progression. Tax iD #: 0320333239

Built in 2002, Sunrise Terrace is a well-maintained 21-unit community located in Tacoma, one of the fastest growing apartment markets in the region. The Property features excellent access to Interstate-5, Highway 512, and Highway 7, providing access to local and regional employment hubs for its residents. Sunrise Terrace is also within minutes to Tacoma’s shopping, dining, and recreational amenities, making this particular micro location appealing for investors looking for opportunities in the path of progression. Tax iD #: 0320333239

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CBA

Source: Commercial Brokers Association (CBA)

More Information

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