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1002 N J St
Tacoma, WA 98403
Marguerite Apartments · Multifamily Property For Sale
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14 Units
Investment Highlights
- True “A” North Tacoma Location: Zero units are under construction in N. Tacoma submarket, when shovels go down returns go up as we enter a new rent gr
- Perfect Moderate Lift Value-Add: New investor to complete renovations on five remaining units, add washers/dryers throughout, and convert the plumbed
- Well Maintained & Renovated: New siding and paint, new roofs, nine units underwent renovations, positioning assets for immediate rent growth.
- Outsized Return Potential: Prime market positioning creates a projected End-of-Year-5 capitalized value of $4,560,000, delivering a potential equity
Property Facts
| No. Units | 14 | Building Size | 11,019 SF |
| Property Type | Multifamily | Average Occupancy | 79% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1967 |
| Building Class | C | Parking Ratio | 1.18/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | TACO, Pierce | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 11,019 SF |
| Average Occupancy | 79% |
| No. Stories | 3 |
| Year Built | 1967 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | TACO, Pierce |
Property Taxes
| Parcel Number | 204020-0070 | Improvements Assessment | $2,314,200 |
| Land Assessment | $432,900 | Total Assessment | $2,747,100 |
Property Taxes
Parcel Number
204020-0070
Land Assessment
$432,900
Improvements Assessment
$2,314,200
Total Assessment
$2,747,100
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