1224 S Yakima Ave
Tacoma, WA 98405
Granada Apartments · Multifamily Property For Sale
·
32 Units
Property Facts
| No. Units | 32 | Lot Size | 0.22 AC |
| Property Type | Multifamily | Building Size | 20,544 SF |
| Property Subtype | Apartment | Average Occupancy | 97% |
| Apartment Style | Garden | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1926/2018 |
| Zoning | R5 | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 20,544 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built/Renovated | 1926/2018 |
| Zoning | R5 |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Carpet
- Double Pane Windows
Site Amenities
- Laundry Facilities
- Security System
- Gas Range
- Renters Insurance Program
- Vintage Building
- Lounge
- Public Transportation
About 1224 S YAKIMA AVE , TACOMA, WA 98405
The Granada is a four-story apartment building centrally located in downtown Tacoma that is also a designated Opportunity Zone. It's brick exterior and old world charm accentuates the early 20th-century architecture displayed in similar buildings throughout the Tacoma area. The building offers a mix of one-bedroom and studio units that have all been recently renovated. The renovations for the exterior and common area include new windows, new exterior, and common area paint, new secure entry doors, new common area flooring, and new roof. The unit renovations include new counter tops, new cabinetry, stainless steel appliances, upgraded lighting and fixtures, new paint, new flooring, new doors, new 4” base trim, and new hardware. The Granada offers investors a turn-key asset in one of the top rent growth markets in the country. An investor can capitalize on increasing value by converting the office back to a 33rd unit, and creating additional amenities such as storage lockers or bike storage and capturing the continued aggressive rent growth in the market.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 25 | $957.50 | 352 - 484 |
| 1+1 | 7 | $1,156 | 624 |
Property Taxes
| Parcel Number | 201216-0080 | Improvements Assessment | $3,471,000 |
| Land Assessment | $466,100 | Total Assessment | $3,937,100 |
Property Taxes
