3202 Pacific Ave, Tacoma, WA 98418

$2,900,000

Listing courtesy of Kidder Mathews.

List Price
$2,900,000
Status
PENDING
MLS#
1214178
Days on Market
111
Style
56 - 10+ Units
Lot Size (sq ft)
30,492

Property Description

30-unit value-add investment through modest interior upgrades. Pacific Terrace I – 3202 Pacific Ave, Tacoma - #2082120050 – 23 units. Pacific Terrace II – 212 S. Wright Ave - #2083120010 & 2083120020 – 7 units. Located along Pacific Ave and with quick I-5 access and close to Downtown Tacoma amenities, Port of Tacoma, healthcare, and Tacoma Mall.

Additional Information

List Date
2017-11-01 00:00:00
Community
Tacoma
Property Type
MULT
Units
30
Stories
2
Potential Terms
Conventional
Year Built
1951
Total Parking
23
Uncovered Parking
23
Exterior
Wood Products
Roof
Flat
School District
Tacoma
Total Monthly Income
$25,277
Gross Scheduled Income
$303,331
Vacancy Rate
5
Gross Adjusted Income
$288,164
Annual Taxes
$23,443
Tax Year
2017
Insurance Expense
$5,358
W/S/G Expenses
$39,731
Total Expenses
$123,827
Net Operating Income
$166,337
Gross Rent Multiplier
10
Cap Rate
5

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
538
Unit 1 Rent
$725
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
538
Unit 2 Rent
$750
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
538
Unit 3 Rent
$700
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
538
Unit 4 Rent
$750
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
538
Unit 5 Rent
$700
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
538
Unit 6 Rent
$700

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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