3502 S Mason Ave | Tacoma, WA 98409
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- LoopNet Team
3502 S Mason Ave
Tacoma, WA 98409
Bella Vista · Multifamily Property For Sale
·
88 Units
INVESTMENT HIGHLIGHTS
- Bella Vista offers investors a significant value-add opportunity to complete interior renovations.
- Continuation of proven value-add program has potential to drive net operating income to an impressive $372,691 above that of the trailing 12 months
- The city is home to over 5,600 businesses that employ 124,200 full-time workers.
- Upgrades include appliances, cabinets, flooring, lighting package, electrical & plumbing hardware, counter resurfacing, tub resurfacing, & paint
- Tacoma’s economic diversification and expansion have made it an attractive relocation spot for business and residents.
- On average, more than 19,200 people relocate to Pierce County each year from neighboring King County due to its affordable cost of living.
PROPERTY FACTS
| No. Units | 88 | Building Size | 73,772 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1986 |
| Building Class | B | Parking Ratio | 0.89/1,000 SF |
| Lot Size | 7.13 AC | ||
| Zoning | R3 | ||
| No. Units | 88 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 7.13 AC |
| Building Size | 73,772 SF |
| Average Occupancy | 87% |
| No. Stories | 3 |
| Year Built | 1986 |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Balcony
- Cable Ready
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer
- Eat-in Kitchen
- High Speed Internet Access
- Refrigerator
- Views
- Wi-Fi
SITE AMENITIES
- Controlled Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Tanning Salon
- Breakfast/Coffee Concierge
- Cabana
- Grill
- Package Service
- Pet Play Area
- Recycling
- Renters Insurance Program
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | - | 740 |
| 2+1 | 56 | - | 870 |
PROPERTY TAXES
| Parcel Number | 022013-2000 | Improvements Assessment | $6,808,700 |
| Land Assessment | $8,109,700 | Total Assessment | $14,918,400 |
PROPERTY TAXES
Parcel Number
022013-2000
Land Assessment
$8,109,700
Improvements Assessment
$6,808,700
Total Assessment
$14,918,400
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