Listed By:
Savvy Lane Inc and NWMLS
Address
417 Garfield Street S, Tacoma, WA
Price
$ 4,950,000
Property Attributes
  • ID#1939077
  • TypeMulti-Family
  • CountyPIERCE
  • CityTacoma
  • AreaParkland
  • NeighborhoodParkland
  • Zip98444
  • Style10+ Units
  • Year Built1948
  • Taxes$ 28601
  • Price$ 4,950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage24220
  • Lot Size0.4591 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

For sale is a portfolio offering of mixed-use apartments and retail assets one block from PLU. Offering includes a mixed-use building consisting of 23 multi-family units and 12 retail units, a three tenant retail building, and 0.44 acres of vacant commercial land. All multifamily units and retail units are 100% occupied. This investment is a value-add opportunity with an estimated 64% upside in rents across the multi-family units, as well as re-purposing the vacant land as an income source or development. Zoned Towne Center, the land is used as a parking amenity for tenants and could provide additional income to the buyer or be developed into multifamily or commercial uses (buyer to verify). Properties must be sold together.

Elementary School Middle School High School
Buyer To Verify Elementary School Buyer To Verify Middle School Buyer To Verify High School
Price History
5/23/2022 Listed $4,950,000

General Features

Amenities Fire Sprinklers
Building Area Units Square Feet
Carport Y/N No
City Tacoma
County Pierce
Directions From I-5 take HWY 512 exit, take Pacific Ave exit, head south, turn right on Garfield St S, property on right
Elementary School Buyer To Verify
Exterior Features Brick
Finance Cash Out, Conventional
High School Buyer To Verify
High School District Franklin Pierce
Insurance Expense 7899
Leasable Area 24220
Lot Size Square Feet 20000
MLS Area 69 - Parkland
Middle/Junior High School Buyer To Verify
Net Operating Income 207405
New Construction No
Open Parking Spaces 40
Possession Closing
Property Style 56 - 10+ Units
Property SubType Multi-Family
Property Type Residential Income
Roof Flat
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name Garfield
Structure Type Multi Family
Subdivision Name Parkland
Tax Annual Amount 28601
Tax Year 2022
Total Units 1
Units Below Grade false
Units In Building Total 23
Utilities Sewer Connected, Electricity Available
View Y/N No
Water Sewer Garbage 54245
Waterfront Y/N No
Year Built 1948

Interior Features

Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric
Street Suffix Street
Total Stories 2

Exterior Features

Building Area Total 24220
Irrigation Water Rights Y/N No
Lot Size Acres 0.4591
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 40
Total Parking 40

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98444

Price
AVG $1.34M
$4.95M
Taxes
AVG $9,276
$28,601
Visits
AVG 129
226
Year Built
AVG 1964
1948
Walkscore
AVG 37
74
Data Provided by Walkscore ® not using MLS data

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