NOT LISTED FOR SALE

1420 112th St S Unit 1-16 Tacoma, WA 98444

-- Bed
-- Bath
7,290 Sq Ft
0.57 Acres

Last Sold January 18, 2019

Last sale price $1,754,000 $241 Per Sq Ft

59 Days on Market

Highlights

  • 0.57 Acre Lot
  • Ceramic Tile Flooring
  • Partially Fenced Property
  • Territorial View
  • Property is in very good condition
  • Wood Siding

About This Home

As of January 2019

Ash Creek Apartments-16 Units ,24 parking spaces,6.4% Cap Rate, 9.5 GRM, turnkey property, Each unit has been fully renovated, a new pitched roof, updated dual-pane vinyl windows, a recently repainted exterior, and a resurfaced parking lot. Upgraded plumbing, storm, and electrical systems, coin operated laundry&storage units. 15-minute drive to Downtown Tacoma, near The University of Washington Tacoma and Pacific Lutheran University.

Last Agent to Sell the Property

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 09/18/2018

Skyline Properties, Inc.

Co-Listed By

Dan Swanson

Kidder Mathews License #13533

Last Buyer's Agent

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 09/18/2018

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1360500

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,039

Year Built

  • Built in 1954

Lot Details

  • 0.57 Acre Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 7,290 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 24 Parking Spaces
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6180000780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,039

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1954
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 7290
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Block
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 24
  • Open Parking: Yes
  • Total Parking Spaces: 24
  • ParkingUncoveredSpaces: 24

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 17828

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 6180000780
  • Lot Size Acres: 0.5739
  • Lot Size Sq Ft: 25000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially
  • MLSLotSizeSource: title
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 15655

Multi Family

  • Gross Scheduled Income: 187860
  • Net Operating Income: 114123
  • Number Of Units Total: 16
  • Insurance Expense: 3800
  • Leasable Area: 7290
  • UnitsInBuildingTotal: 16
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2018
  • Tax Annual Amount: 14039

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2019 01/18/19 Sold $1,754,000 -2.0% $241 / Sq Ft
11/16/2018 11/16/18 Pending -- -- --
10/17/2018 10/17/18 Price Changed $1,790,000 -8.0% $246 / Sq Ft
09/18/2018 09/18/18 For Sale $1,945,000 -- $267 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1360500

Northwest Multiple Listing Service (NWMLS)