Bought with Kidder Mathews
$2,200,000
$2,500,000
12.0%For more information regarding the value of a property, please contact us for a free consultation.
0.48 Acres Lot
SOLD DATE : 09/01/2022
Key Details
Sold Price $2,200,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Tacoma
MLS Listing ID 1971137
Sold Date 09/01/22
Style 56 - 10+ Units
Year Built 1956
Annual Tax Amount $16,187
Lot Size 0.481 Acres
Property Sub-Type Multi-Family
Property Description
Kidder Mathews is pleased to present the Tower Bachelor Apartments for sale. A mixed use offering holding 19 residential units and 3 commercial spaces. Offered for sale for the first time in over 25 years, this value add investment is irreplaceable real estate sitting on Tacoma's dynamic 6th Avenue. Built in 1956, the Tower Bachelor Apartment's consists of 18 studio and 1 one bedroom unit primed for interior and exterior renovations. This value-add offering hold rents significantly below market with the potential to increase total monthly income by over 45%.
Location
State WA
County Pierce
Area 16 - North Tacoma
Interior
Fireplace false
Exterior
Exterior Feature Wood Products
Utilities Available Sewer Connected, Electric
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Tacoma
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
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