1420 112th St S , 1-16

    Tacoma, WA 98444
    • $1,790,000
    • STATUS: Pending
    • ON SITE: 118 days
    • ID#: 1360500
    Under Contract
    UPDATED: 22 min ago
    $1,790,000
    • 0
      BEDS
    • 0.57
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,290
      SQFT
    • $246
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:
    Area:

    School Ratings & Info

    School District:
    Listing Courtesy of Sterling Johnston Real Estate.

    Description

    Ash Creek Apartments-16 Units ,24 parking spaces,6.4% Cap Rate, 9.5 GRM, turnkey property, Each unit has been fully renovated, a new pitched roof, updated dual-pane vinyl windows, a recently repainted exterior, and a resurfaced parking lot. Upgraded plumbing, storm, and electrical systems, coin operated laundry&storage units. 15-minute drive to Downtown Tacoma, near The University of Washington Tacoma and Pacific Lutheran University.

    Monthly Payment Calculator

    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-01-15T23:14:49.767.

    www.kimberlygartlandgroup.com/homes/87589771

    1420 112th St S , 1-16 Tacoma, WA 98444

    • Price: $1,790,000
    • Status: Pending
    • Updated: 22 min ago
    • ID#: 1360500
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.57
    Acres
    7,290
    SQFT
    $246
    $/SQFT
    1954
    Built
    Neighborhood:
    Tacoma
    County:
    Pierce
    Area:
    Parkland
    School District:
    Tacoma
    Property Description
    Ash Creek Apartments-16 Units ,24 parking spaces,6.4% Cap Rate, 9.5 GRM, turnkey property, Each unit has been fully renovated, a new pitched roof, updated dual-pane vinyl windows, a recently repainted exterior, and a resurfaced parking lot. Upgraded plumbing, storm, and electrical systems, coin operated laundry&storage units. 15-minute drive to Downtown Tacoma, near The University of Washington Tacoma and Pacific Lutheran University.
    Exterior Features

    Building Condition Very Good Carport Spaces 0 Exterior Wood Foundation Concrete Block Garage Spaces 0 Lot Details Paved StreetSidewalk Roof Composition Stories In Building 1 Style 56 - 6-9 Units Total Parking Spaces 24 Uncovered Spaces 24 View Territorial

    Interior Features

    Floor Covering Ceramic TileLaminate HardwoodVinylWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 440 Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 440 Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 440 Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 440 Unit5 Bathrooms 1.00 Unit5 Bedrooms 1 Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 440 Unit6 Bathrooms 1.00 Unit6 Bedrooms 1 Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 440 Units Below Grade N

    Property Features

    Amenities Coin Op LaundryStorage Bank Owned No Cap Rate 6.40 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 178466 Gross Rent Multiplier 10 Gross Scheduled Income 187860 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3800 Leased Items Washer/Dryer Net Operating Income 114123 New Construction YN No Other Expenses 28819 Possession ClosingSub. Tenant's Rights Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Site Features Cable TVFenced-Partially Tax Amount 14039 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 64344 Total Expenses TEX 64344 Total Monthly Income 15655 Unit1 Monthly Rent 850 Unit2 Monthly Rent 850 Unit3 Monthly Rent 850 Unit4 Monthly Rent 850 Unit5 Monthly Rent 850 Unit6 Monthly Rent 875 Vacancy Rate 5 Water Sewer Garbage 17828 Water Source Community Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Kimberly Gartland Group - Keller Williams Realty and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-01-15T23:14:49.767.

     
    Kimberly Gartland Group - Keller Williams Realty
    5263 Olympic Drive NW, Suite B
    Gig Harbor WA, 98335
    Listing Courtesy of Sterling Johnston Real Estate.