12712 C St S, Tacoma, WA 98444

$4,395,000
21,600
SqFt

Listing courtesy of Westlake Associates, Inc..

List Price
$4,395,000
Status
PENDING
MLS#
1217090
Days on Market
34
Style
56 - 10+ Units
Finished SqFt
21,600
Lot Size (sq ft)
21,000

Property Description

Heather Court is a fully renovated 32-unit apartment complex blocks from the PLU campus. Interior upgrades include new paint, flooring, mill work, doors, hardware, lighting and electrical panels. In addition, the 2 bedrooms offer brand new cabinets, quartz counters and stainless appliances. The exterior has new paint, composition roof, sealed/striped parking lot and manicured landscaping. The turnkey asset is currently operating at a 6% Cap rate with good upside in the rents.

Additional Information

List Date
2017-11-09 00:00:00
Community
Parkland
Property Type
MULT
Units
32
Stories
2
Potential Terms
Cash Out
Year Built
1971
Total Parking
56
Uncovered Parking
56
Exterior
Metal/Vinyl, Wood
Roof
Composition
School District
Franklin Pierce
Total Monthly Income
$36,610
Gross Scheduled Income
$386,340
Vacancy Rate
5
Gross Adjusted Income
$417,354
Annual Taxes
$27,805
Tax Year
2017
Insurance Expense
$5,900
W/S/G Expenses
$30,661
Total Expenses
$152,132
Net Operating Income
$265,222
Gross Rent Multiplier
11
Cap Rate
6

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
750
Unit 1 Rent
$1,095
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
600
Unit 2 Rent
$895
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
600
Unit 3 Rent
$925
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
750
Unit 4 Rent
$1,095
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
600
Unit 5 Rent
$925
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
750
Unit 6 Rent
$1,095

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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