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219 125th Street S

Tacoma, WA 98444
  • $5,000,000
  • STATUS: Active
  • MLS #: 2277492
UPDATED: 12 min ago
$5,000,000
  • 0
    BEDS
  • 1.79
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 26,712
    SQFT
  • $187
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1971
County:
Area:

School Ratings & Info

School District:
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Paragon Real Estate Advisors.
Mortgage Calculator is provided by BoomTown.

Description

36-unit garden-style community is offered to the market for the first time in over 30 years. Property features 22-1BD and 14-2BD units, and 51 parking spaces. The property spans four buildings, surrounding a shared courtyard with swimming pool an leasing office. Property has been maintained and operated by long-term ownership, preserving their classic charm while offering significant potential for repositioning. This property presents a value add opportunity for new ownership through modernization and improved operations. The units, which are larger than average for the submarket, can command higher rents with cosmetic upgrades. Additionally, the complex includes desirable amenities such as a pool, leasing office, and laundry facilities.

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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 Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-09-11T08:14:56.587. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-09-11T08:14:56.587. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.communityrealestategroup.com/homes/153673323
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219 125th Street S Tacoma, WA 98444

  • Price: $5,000,000
  • Status: Active
  • On Site: Days
  • Updated: 12 min ago
  • MLS #: 2277492
0
Beds
0
Baths
0
½ Baths
1.79
Acres
26,712
SQFT
$187
$/SQFT
1971
Built
Neighborhood:
Parkland
County:
Pierce
Area:
Parkland
School District:
Tacoma
Property Description
36-unit garden-style community is offered to the market for the first time in over 30 years. Property features 22-1BD and 14-2BD units, and 51 parking spaces. The property spans four buildings, surrounding a shared courtyard with swimming pool an leasing office. Property has been maintained and operated by long-term ownership, preserving their classic charm while offering significant potential for repositioning. This property presents a value add opportunity for new ownership through modernization and improved operations. The units, which are larger than average for the submarket, can command higher rents with cosmetic upgrades. Additionally, the complex includes desirable amenities such as a pool, leasing office, and laundry facilities.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features WoodWood Products Open Parking Spaces 51 Open Parking YN Yes Parking Total 51 Parking Uncovered Spaces 51 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

Interior Features

Baths Full Upper 0 Baths Half Upper 0 Baths Three Quarter Upper 0 Bedrooms Upper 0 Building Area Total 26712 Cooling None Cooling YN No Fireplace YN No Fireplaces Total 0 Flooring Engineered HardwoodLaminateVinyl PlankCarpet Heating Baseboard Heating YN Yes Interior Features Wall to Wall CarpetLaminate Hardwood Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Storage Association Fee 0 Association YN No Energy Source Electric First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 285523 New Construction YN No Possession ClosingTenant's Rights Possible Use Multi-FamilyResidential Power Production Type Electric Property Sub Type Multi-Family Security Features PartiallyFenced Senior Community YN No Sewer Sewer Connected Site Features Fenced-Fully Special Listing Conditions None Tax Annual Amount 57810 Tax Year 2024 Units In Building Total 36 Zoning Class Multi-FamilyResidential Zoning Jurisdiction City



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 Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-09-11T08:14:56.587. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-09-11T08:14:56.587. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Keller Williams Tri-Cities
830 N Columbia Center Blvd Ste H
Kennewick WA, 99336
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Paragon Real Estate Advisors.
Mortgage Calculator is provided by BoomTown.