Listing ID: 1690465
Sold For: $3,400,000
Status: Closed
Address: 8819 Pacific Avenue
City: Tacoma
State: Washington
Postal Code: 98444
SqFt: 14,610
Acres: 0.861
County: Pierce
2002 Construction, well-maintained 21 unit community located in Tacoma. Property consists of 2 buildings with new roof and paint. Each unit features spacious living room, washer/dryer, and large bedrooms. Tenants can enjoy a picnic area and dog run. Well positioned for investor to add value and push rents. Excellent access to local and regional employment hubs for residents.

Primary Features

County: Pierce
Property Sub Type: Multi-Family
Property Type: Residential Income
Subdivision: Fern Hill
Year Built: 2002


Building Area Units: Square Feet
Flooring: Vinyl, Carpet
Furnished: Unfurnished
Heating Cooling Type: Baseboard
Living Area Units: Square Feet
Stories Total: 3


Elevation Units: Feet
Exterior Features: Metal/Vinyl
Lot Size Square Feet: 37505
Lot Size Units: Square Feet
MLS Lot Size Source: Pierce County Assessor
Number Of Units Total: 21
Open Parking Spaces: 40
Parking Total: 40
Parking Uncovered Spaces: 40
Roof: Composition
Sewer: Available
Structure Type: Multi Family
Style Code: 56 - 10+ Units
Units Below Grade: false
Units In Building Total: 21
Utilities: Electricity Available
Water Sewer Garbage: 32077


Building Area Total: 14610
Country: US
High School District: Tacoma
MLS Area Major: 62 - Southeast Tacoma
Waterfront: no
Zoning Class: Multi-Family
Zoning Jurisdiction: City


Mls Status: Sold
Offers: Seller intends to review offers upon receipt
Possible Use: Multi-Family
Power Production Type: Electric
Preliminary Title Ordered: no


Buyer Financing: Cash
Cap Rate: 4.8
Gross Adjusted Income: 281808
Gross Rent Multiplier: 12
Gross Scheduled Income: 296640
Insurance Expense: 3713
Leasable Area: 14610
Leasable Area Units: Square Feet
Leased Items: None
Net Operating Income: 163361
Other Expense: 59166
Possession: Closing
Sale Type: MLS
Seller Disclosure: Not Provided
Special Listing Conditions: None
Tax Annual Amount: 23491
Tax Year: 2020
Total Expenses: 118447
Total Monthly Income: 19980
Vacancy Rate: 5

Zoning Info

Area Info

The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by Heaton Dainard, LLC (2412) and should be verified by the buyer. © 2023 NWMLS. All rights reserved. Data last updated: Friday, March 24th, 2023 04:37:40 AM.
Closed Listing courtesy of Westlake Associates, Inc.
Closed Listing courtesy of Westlake Associates, Inc.

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