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612 S 18th Street

Tacoma, WA 98405
  • $2,950,000
  • STATUS: Active
  • ON SITE: 5 Days
  • ID#: 1956249
New On Site 5 Days Ago
$2,950,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,008
    SQFT
  • $589
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1908
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logoListing Courtesy of John L. Scott R.E.Tacoma North.

Description

All the heavy lifting has been done and this multifamily investment is ready to go in the heart of Downtown Tacoma! Potential to raise rents and find income in laundry, parking, storage and utility billback. Ideally situated near St Joseph Medical Center and UW Tacoma, perfect for traveling nurses and students. Sweeping views of Mt. Rainier and downtown Tacoma. Easily walkable to local breweries, restaurants, University Y and shops. Plus nearby Tacoma Link to be completed in 2023 will connect St Joseph Medical Center to Stadium District and through existing downtown and the Tacoma Dome light rail. This is an exciting opportunity to own an income producing property at a 6.72% cap with established leases in place in a growing area of Tacoma.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-06-29T00:14:21.517.

www.nwhomeexperts.com/homes/130195840
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612 S 18th Street Tacoma, WA 98405

  • Price: $2,950,000
  • Status: Active
  • On Site: 5 Days
  • ID#: 1956249
0
Beds
0
Baths
0
½ Baths
0.11
Acres
5,008
SQFT
$589
$/SQFT
1908
Built
Neighborhood:
Hilltop
County:
Pierce
Area:
Central Tacoma
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify
School District:
Tacoma
Property Description
All the heavy lifting has been done and this multifamily investment is ready to go in the heart of Downtown Tacoma! Potential to raise rents and find income in laundry, parking, storage and utility billback. Ideally situated near St Joseph Medical Center and UW Tacoma, perfect for traveling nurses and students. Sweeping views of Mt. Rainier and downtown Tacoma. Easily walkable to local breweries, restaurants, University Y and shops. Plus nearby Tacoma Link to be completed in 2023 will connect St Joseph Medical Center to Stadium District and through existing downtown and the Tacoma Dome light rail. This is an exciting opportunity to own an income producing property at a 6.72% cap with established leases in place in a growing area of Tacoma.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features WoodWood Products Lot Features AlleyCurbsPaved Open Parking Spaces 5 Open Parking YN Yes Parking Total 5 Parking Uncovered Spaces 5 Roof Torch Down Structure Type Multi Family Style Code 56 - 10+ Units View CityMountain(S)Territorial View YN Yes Waterfront YN No

Interior Features

Building Area Total 5008 Fireplace YN No Flooring Vinyl PlankCarpet Furnished Unfurnished Heating Cooling Type Forced Air Interior Features Forced AirWall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities See RemarksStorage Energy Source ElectricNatural Gas FIRPTAYN No First Right Of Refusal No Foundation Details Slab Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 198357 New Construction YN No Possession Closing Possible Use Multi-Family Power Company PseTpu Power Production Type ElectricNatural Gas Property Condition Good Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company Tacoma Site Features Cable TvGas AvailableHigh Speed Internet Special Listing Conditions None Tax Annual Amount 3990 Tax Year 2022 Units In Building Total 10 Utilities Cable ConnectedHigh Speed InternetNatural Gas AvailableSewer ConnectedElectricity AvailableNatural Gas Connected Water Company Tpu Water Source Public Year Built Effective 2000 Zoning Class Multi-Family Zoning Jurisdiction City

Listing information © 2022 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by NW Home Experts and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-06-29T00:14:21.517.

 
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NW Home Experts
2211 Elliott Avenue Suite 200
Seattle WA, 98121
Northwest MLS logoListing Courtesy of John L. Scott R.E.Tacoma North.