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1002 N J St
Tacoma, WA 98403 North End

$3,250,000 USD

Apartments For Sale • 11,019 SF

Property Details

Property Type Apartments
Total Building Size 11,019 SF
Lot Size 0.2 AC
Building Class C
Year Built 1967
Zoning TACO, Pierce

0 Transit Score

64 Walk Score

                
                    Highlights
                
                                True “A” North Tacoma Location: Zero units are under construction in N. Tacoma submarket, when shovels go down returns go up as we enter a new rent gr
                            
                                Well Maintained & Renovated: New siding and paint, new roofs, nine units underwent renovations, positioning assets for immediate rent growth. 
                            
                                Perfect Moderate Lift Value-Add: New investor to complete renovations on five remaining units, add washers/dryers throughout, and convert the plumbed 
                            
                                Outsized Return Potential: Prime market positioning creates a projected End-of-Year-5 capitalized value of $4,560,000, delivering a potential  equity

Property Flyers

Offering Memorandum - Marguerite

Public Transportation

Commuter Rail	Drive	Walk	Distance
Tacoma Dome Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder), Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	9 min	-	3.4 mi
	14 min	-	5.6 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	40 min	-	24.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	13
Type:	Surface
Included in Rent:	Yes

Gabe Blake 206-618-2207 Blake Investment Advisors

1002 N J St Tacoma, WA 98403 North End