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
Tacoma
WA
98444
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
Interior
Building Area Units:
Square Feet
Flooring:
Vinyl, Carpet
Furnished:
Unfurnished
Heating Cooling Type:
Baseboard
Living Area Units:
Square Feet
Stories Total:
3
External
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
Location
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
Additional
Mls Status:
Sold
Offers:
Seller intends to review offers upon receipt
Possible Use:
Multi-Family
Power Production Type:
Electric
Preliminary Title Ordered:
no
Show Map Link:
yes
Financial
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
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