518 E 32nd St Fourplex 518 E 32nd St 4 Unit Apartment Building $1,400,000 ($350,000/Unit) Tacoma, WA 98404
EXECUTIVE SUMMARY
Unique fourplex with views and individual garages separate this property from other similar multifamily investment sites. Located in the emerging Eastside of Tacoma, this property is minutes from I-5, local and regional transit center, Tacoma Dome, Americas Car Museum, Tacoma Link Light Rail and many other amenities. There is plenty of room for rent growth with new ownership as these units are well below the recently published “market rent” numbers from the City of Tacoma. This has been a low maintenance rental property with great tenant retention. Ownership is looking to retire and pass the property along to another investor. Please contact us for additional information, tours provided after accepted purchase agreement as part of due diligence.
PROPERTY FACTS
| Price | $1,400,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.15 AC |
| Building Size | 6,500 SF |
| No. Stories | 2 |
| Year Built | 1992 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,325 | 840 |
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PROPERTY TAXES
| Parcel Number | 208224-0041 | Improvements Assessment | $769,100 |
| Land Assessment | $251,800 | Total Assessment | $1,020,900 |
ZONING
| Zoning Code | R4L |
