The Sedona | 4005 S Warner St
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The Sedona 4005 S Warner St
21 Unit Apartment Building $3,500,000 ($166,667/Unit) 6.01% Cap Rate Tacoma, WA 98409
Executive Summary
Foundation Group is pleased to offer The Sedona Apartments in Tacoma, Washington, located in the evolving Tacoma Mall
neighborhood, an Opportunity Zone designation area. The property is well-positioned within this rezone area, placing it in the path of new development and growth. The location offers excellent access to transportation, being one block from a major bus line, 0.8 miles from
Interstate 5, and 1 mile south of Highway 16, with the Sounder Train’s South Tacoma Station just 1.5 miles away. It’s also a short drive to Bates Technical College South Campus and Joint Base Lewis-McChord, the area’s largest employer with over 54,000 employees, which supports the local economy.
17 of the 21 units have been significantly remodeled, featuring new hot water tanks, updated electrical panels, hard surface flooring, millwork, stainless appliances, updated cabinets, new countertops, and fresh paint. Ten units include all-in-one washer/dryer machines for added convenience. In the last five years the exterior has also been upgraded with new fencing, insulation, bathroom vents, paint, new signage, and a resurfaced parking lot. The building is equipped with double-pane windows and copper plumbing, enhancing energy efficiency.
neighborhood, an Opportunity Zone designation area. The property is well-positioned within this rezone area, placing it in the path of new development and growth. The location offers excellent access to transportation, being one block from a major bus line, 0.8 miles from
Interstate 5, and 1 mile south of Highway 16, with the Sounder Train’s South Tacoma Station just 1.5 miles away. It’s also a short drive to Bates Technical College South Campus and Joint Base Lewis-McChord, the area’s largest employer with over 54,000 employees, which supports the local economy.
17 of the 21 units have been significantly remodeled, featuring new hot water tanks, updated electrical panels, hard surface flooring, millwork, stainless appliances, updated cabinets, new countertops, and fresh paint. Ten units include all-in-one washer/dryer machines for added convenience. In the last five years the exterior has also been upgraded with new fencing, insulation, bathroom vents, paint, new signage, and a resurfaced parking lot. The building is equipped with double-pane windows and copper plumbing, enhancing energy efficiency.
Property Facts
| Price | $3,500,000 | Building Class | C |
| Price Per Unit | $166,667 | Lot Size | 0.59 AC |
| Sale Type | Investment | Building Size | 16,100 SF |
| Cap Rate | 6.01% | Average Occupancy | 95% |
| No. Units | 21 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1976 |
| Property Subtype | Apartment | Parking Ratio | 1.8/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | $3,500,000 |
| Price Per Unit | $166,667 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 16,100 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1976 |
| Parking Ratio | 1.8/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Stainless Steel Appliances
- Tub/Shower
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 700 |
| 2+1 | 4 | - | 850 |
| 3+1 | 1 | - | 1,500 |
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Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 289000-0261 | Improvements Assessment | $2,000,800 |
| Land Assessment | $723,900 | Total Assessment | $2,724,700 |
PROPERTY TAXES
Parcel Number
289000-0261
Land Assessment
$723,900
Improvements Assessment
$2,000,800
Total Assessment
$2,724,700
zoning
| Zoning Code | RCX, Pierce |
| RCX, Pierce |
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The Sedona | 4005 S Warner St
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