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Multifamily For Sale • 40,800 SF
| SIGNIFICANT CAPITAL IMPROVEMENTS: Extensive interior renovations and major electrical and plumbing upgrades throughout both properties. |
| STRONG INVESTMENT RETURNS: Projected 6.73% stabilized cap rate and 8.01% cash-on-cash return with market rents. |
| STORAGE INCOME UPSIDE: Opportunity to add twelve additional units and increase annual NOI by approximately $7,200. |
| STABLE NORTH TACOMA SUBMARKET: Ideally located near Westgate, Proctor, Point Ruston, and the Ruston Way Waterfront. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| South Tacoma Station (Seattle - Tacoma/Lakewood - Sound Transit) | 9 min | - | 5.3 mi |
| 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)) | 10 min | - | 6.2 mi |
| Airport | Drive | Walk | Distance |
| Seattle-Tacoma International | 41 min | - | 26.5 mi |
Scott Morasch
Marcus & Millichap
Scott Morasch
Marcus & Millichap
