3202 Pacific Avenue, Tacoma, WA 98418
- $2,650,000
Listing courtesy of Kidder Mathews. Selling Office: Avenue Properties.
- Sold Price
- $2,650,000
- List Price
- $2,900,000
- Status
- SOLD
- MLS#
- 1214178
- Closing Date
- May 15, 2018
- Days on Market
- 84
- Style
- 56 - 10+ Units
- Annual Tax Ammount
- 23443
- Lot Size (sq ft)
- 30,492
- Sewer
- Sewer Connected
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
- 2018-02-20 00:00:00
- Community
- Tacoma
- Net Operating Income
- $166,337
- Gross Adjusted Income
- $288,164
- Gross Scheduled Income
- $303,331
- Total Monthly Income
- $25,277
- Insurance Expenses
- $5,358
- Water/Sewer/Garbage Expenses
- $39,731
- Gross Rent Multiplier
- 10
- Total Expenses
- $123,827
- Cap Rate
- 5.67
- Vacancy Rate
- 5
- Total Number of Units
- 29
- Unit Name
- 3202
- Potential Terms
- Conventional
- Year Built
- 1951
- Roof
- Flat
- Electric Expenses
- 6308
- Other Expenses
- 48987
- School District
- Tacoma
- Total Monthly Income
- $25,277
- Gross Scheduled Income
- $303,331
- Vacancy Rate
- 5
- Gross Adjusted Income
- $288,164
- 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
- 5.67
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