120 136th Street S Unit #1-64, Tacoma, WA 98444
- $7,775,000
- 39,435
- SqFt
Listing courtesy of Sterling Johnston Real Estate. Selling Office: eXp Realty.
- Sold Price
- $7,775,000
- List Price
- $7,900,000
- Status
- SOLD
- MLS#
- 1681200
- Closing Date
- May 07, 2021
- Days on Market
- 63
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 39,435
- Area Total SqFt
- 39435
- Annual Tax Ammount
- 61815
- Lot Size (sq ft)
- 97,173
- Sewer
- Sewer Connected
Property Description
64 Units,Garden style,Market CAP Rate 5.6%,Less than $125k per unit with potential income upside up to 18+%,Over the past 5 years rents have increased 16% in Parkland,minutes to PLU & 10 minutes to downtown Tacoma,new roofs with transferable warranties all buildings,new siding on multiple south&west sides of the buildings,dual pane windows,upgraded landscaping & walkways between buildings.on-site office,on-site laundry,dishwashers,oversized closets add interior laundry to increase rents more.
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Additional Information
- List Date
- 2021-03-05 00:00:00
- Community
- Parkland
- Net Operating Income
- $297,425
- Gross Adjusted Income
- $640,270
- Gross Scheduled Income
- $675,968
- Total Monthly Income
- $56,164
- Insurance Expenses
- $13,223
- Water/Sewer/Garbage Expenses
- $72,176
- Gross Rent Multiplier
- 12
- Total Expenses
- $297,425
- Cap Rate
- 4.3
- Vacancy Rate
- 5
- Total Number of Units
- 64
- Unit Name
- 120
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1969
- View
- Territorial
- Roof
- Flat
- Site Features
- Cable TV
- Other Expenses
- 151730
- Energy Source
- Electric
- School District
- Tacoma
- Total Monthly Income
- $56,164
- Gross Scheduled Income
- $675,968
- Vacancy Rate
- 5
- Gross Adjusted Income
- $640,270
- Tax Year
- 2020
- Insurance Expense
- $13,223
- W/S/G Expenses
- $72,176
- Total Expenses
- $297,425
- Net Operating Income
- $297,425
- Gross Rent Multiplier
- 12
- Cap Rate
- 4.3
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