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5201, 5203, 5207, 5211, & 5215
Tacoma, WA 98467
Grande Terrace · Multifamily Property For Sale
·
20 Units
Investment Highlights
- Average rent is $1,389/month while similar properties have achieved $1,695/month which represents an 18% upside in its current condition.
- Property is located in fast appreciating neighborhood that has seen an 80% increase in property values of the last five years.
- Well maintained property with near original finishes offer future ability to update units to increase cashflow.
- Ample options for grocery stores, shopping, and restaurants; easy access to Interstate 5 for a quick drive to Tacoma or a 45 minute drive to Seattle.
Property Facts
| No. Units | 20 | Building Size | 17,920 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1981 |
| Building Class | C | Parking Ratio | 1.12/1,000 SF |
| Lot Size | 0.29 AC | ||
| Zoning | R2, Tacoma | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 17,920 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 1.12/1,000 SF |
| Zoning | R2, Tacoma |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Fireplace
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 20 | $1,385 | 896 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,386,000 | |
| Land Assessment | $1,186,700 | Total Assessment | $4,572,700 |
Property Taxes
Parcel Numbers
Land Assessment
$1,186,700
Improvements Assessment
$3,386,000
Total Assessment
$4,572,700
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