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234 S 70th St
Tacoma, WA 98408 South End

$2,260,000 USD

Apartments For Sale • 5,860 SF

Property Details

Property Type Apartments
Total Building Size 5,860 SF
Lot Size 0.15 AC
Building Class B
Year Built 2022
Cap Rate 5.80 %
Zoning URX

0 Transit Score

61 Walk Score

                
                    Highlights
                
                                Turnkey fiveplex with strong cash flow performance
                            
                                No HOA and no-maintenance building structure
                            
                                Nine years of tax abatement remaining; land-only tax basis
                            
                                Prime location near Fred Meyer, Wapato Park, and retail

Financial Summary (Actual)

Net Operating Income: $123,452 USD (2024)

Cap Rate:	5.80 %
Total Expenses:	$20,548 USD

Amenities

Dishwasher
Washer/Dryer
Eat-in Kitchen
Kitchen
Refrigerator
Stainless Steel Appliances
Range
Tub/Shower
Carpet
Double Pane Windows
Family Room
Private Bathroom
Smoke Detector
Quartz Countertops

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	-	3.5 mi
	7 min	-	3.6 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	39 min	-	24.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Covered
Included in Rent:	Yes

Mandy Afrassiabi 425-830-7980 eXp Realty

234 S 70th St Tacoma, WA 98408 South End