Listing courtesy of Westlake Associates, Inc.
Property Description

Hudson Court provides an opportunity to acquire a fully renovated building in a growing developing community just blocks away from Pacific Lutheran University. At the asking price of $5,995,000, the underwriting poses an in-place 5.11% cap rate with a market cap rate of 5.68% on current asking rents. The average 1×1 is in-place at $1084, however most recent 1×1 have rented for $1225. The average 2×1 sits at $1280 with the most recent rent being $1395. This provides 10% rental upside on the proven most recent leasing activity. There is also the opportunity to further pursue the feasibility of adding laundry to the units. Adding laundry demonstrates possible upside of 25%-40% rental upside!

Address Map
USA
WA
Pierce
Tacoma
98444
C
14117
Street
0
W123° 33' 48.3''
N47° 7' 43.5''
Additional Listing Information
S
69 - Parkland
On I-5 N, take exit 127 towards WA-512 E toward Pu
Brookdale
Not Provided
0
0
56 - 10+ Units
31296
2020
Composition
: Wood
: Carpet, Vinyl Plank
: Sewer connected
Westlake Associates, Inc.
Joseph Kinkopf
Active
NWM108897
20,400 Sqft
NWM7019

Residential Income For Sale

14117 C Street, Tacoma, Washington 98444

0 Bedrooms
0 Bathrooms
48,787 Sqft
$5,995,000
NWMLS # #NWM1852841
Basic Details
Property Type : Residential Income
Listing Type : For Sale
NWMLS # : NWM1852841
Price : $5,995,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 1972
Lot Area : 48,787 Sqft
Agent info
Contact Agent

Compare listings

Compare