Crystal Springs

Multi-Family

120 136th St S, TacomaWA 98444

Property Details

Location

Address
120 136th St S, TacomaWA 98444
County
Pierce
Submarket
CBA Parkland/Midland
Parcels
2695002902
In Opportunity Zone
Yes

Building Size

Building Size
39,435 SF
Residential Space
39,435 SF
Rentable Space
39,435 SF

Building Details

Type
 Multi-Family
Number of Buildings
5
Number of Units
64
Occupancy Type
Percent Occupied
Building Class
Building Status
Existing
Floors
2
Elevators
Not present
Year Built
1969
Sprinklers
No
Parking Ratio
Security System
No

Land & Utilities

Land (Acres)
2.23 Acres
Land (SF)
97,173 SF
Rail Service
No
Zoning
Roc Residential/Office
Lot Depth
Lot Width

Contacts

Current Listings

Property for Sale

$8,300,000
Cap Rate: 4.13%

64 Units, Garden style, Value add opportunity. Less than $130k per unit with potential income upside up to 18+%. 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

64 Units, Garden style, Value add opportunity. Less than $130k per unit with potential income upside up to 18+%. 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

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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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