3202 Pacific Ave, Tacoma, WA 98418

$2,650,000

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Listing courtesy of Kidder Mathews. Selling Office: .

$2,650,000

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Sold Price: $2,650,000
List Price: $2,900,000
Status: SOLD
MLS#: 1214178
Closing Date: May 15, 2018
Days on Market: 111
Style: 56 - 10+ Units
Lot Size (sq ft): 30,492

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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.

1.877.739.7070

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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