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.
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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
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