Listed by Real Property Associates, Bought with Windermere Real Estate Central
NOT LISTED FOR SALE
6 Beds
6 Baths
6,224 Sq Ft
0.29 Acres

Last Sold October 06, 2020

Last sale price $1,475,000 $237 Per Sq Ft

14 Days on Market

About This Home

As of October 2020

Pacific Square Apartments is a 10-unit multi-family building in the South End of Tacoma. Turn-Key & spacious 1 bed, 1 bath units with solid cash flow and low maintenance requirements. Half of the units have been fully updated with stainless steel appliances, LVP flooring, white shaker cabinetry & quartz cabinets. Centrally located - easy access to I-5, bus-lines and shopping/dining. Ample off street parking for tenants and on-site laundry room for additional income.

Last Agent to Sell the Property

Ryker Young

Real Property Associates License #116575 Listed on: 07/01/2020

Co-Listed By

Gordon Stephenson

Real Property Associates License #13279

Last Buyer's Agent

Andy Keating

Windermere Real Estate Central License #81040

Windermere Real Estate Central

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1623999

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,714

Year Built

  • Built in 1978 | Remodeled

Lot Details

  • 0.29 Acre Lot

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 6,224 Sq Ft Home
  • 2-Story Property

Parking

  • 15 Parking Spaces
  • Open Parking

Community Details

  • South Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6615001340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,714

Year Built

Built in 1978 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1978
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6224
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 15
  • Open Parking: Yes
  • Total Parking Spaces: 15
  • ParkingUncoveredSpaces: 15

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Tacoma
  • SewerCompany: Tacoma
  • WaterCompany: Tacoma
  • WaterSewerGarbage: 8700

Schools

  • Junior High Dist: Tacoma
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 6615001340
  • Lot Size Acres: 0.287
  • Lot Size Sq Ft: 12500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 10975

Multi Family

  • Gross Scheduled Income: 133020
  • Net Operating Income: 99911
  • Number Of Units Total: 10
  • Insurance Expense: 3204
  • Leasable Area: 6224
  • UnitsInBuildingTotal: 10
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 10714

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

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Average Value
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List Price
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
10/06/2020 10/06/20 Sold $1,475,000 -1.3% $237 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
07/01/2020 07/01/20 For Sale $1,495,000 -- $240 / 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: 1623999

Northwest Multiple Listing Service (NWMLS)