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1405 Martin Luther King Jr Way

Tacoma, WA 98408
  • $1,300,000
  • STATUS: Pending
  • ON SITE: 59 Days
  • ID#: 2029390
Under Contract
UPDATED: 23 min ago
$1,300,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,680
    SQFT
  • $229
    $/SQFT
Neighborhood:
Tacoma
Type:
Multi-Family
Built:
1968
County:
Pierce
Area:
Central Tacoma

School Ratings & Info

School District:
Tacoma
Visit GreatSchools.org
Northwest MLS logoListing information ©2023 Northwest MLS. Listing courtesy of Gateway Real Estate. Sold by .

Description

Prime investor opportunity to own this 10 unit apartment complex in downtown Tacoma. Each unit features 1 bedroom and 1 full bathroom plus common space laundry room for additional income. This ideal location has access in front to the new Tacoma Link Light Rail and is within walking distance to many of Tacoma's unique amenities, UW Tacoma and medical facilities. This complex has been under rented for years and could become a cash cow for the future owner. Perfect for a 1031 tax exchange!

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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 Realty 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 2023-03-21T23:13:54.207. 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 2023-03-21T23:13:54.207. 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.vipteamwa.com/homes/136320426
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1405 Martin Luther King Jr Way Tacoma, WA 98408

  • Price: $1,300,000
  • Status: Pending
  • On Site: 59 Days
  • Updated: 23 min ago
  • ID#: 2029390
0
Beds
0
Baths
0
½ Baths
0.15
Acres
5,680
SQFT
$229
$/SQFT
1968
Built
Neighborhood:
Tacoma
County:
Pierce
Area:
Central Tacoma
School District:
Tacoma
Property Description
Prime investor opportunity to own this 10 unit apartment complex in downtown Tacoma. Each unit features 1 bedroom and 1 full bathroom plus common space laundry room for additional income. This ideal location has access in front to the new Tacoma Link Light Rail and is within walking distance to many of Tacoma's unique amenities, UW Tacoma and medical facilities. This complex has been under rented for years and could become a cash cow for the future owner. Perfect for a 1031 tax exchange!
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Open Parking Spaces 4 Open Parking YN Yes Parking Total 4 Parking Uncovered Spaces 4 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

Interior Features

Building Area Total 5680 Cooling YN Yes Fireplace YN No Flooring See RemarksVinylCarpet Furnished Unfurnished Heating YN Yes Interior Features Wall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Coin Op LaundrySee Remarks Cumulative Days On Market 7 Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured ConcreteSlab Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 79507 New Construction YN No Possession Tenant's Rights Possible Use Multi-Family Power Company City Of Tacoma Power Production Type Electric Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company City Of Tacoma Special Listing Conditions None Tax Annual Amount 11921 Tax Year 2021 Units In Building Total 10 Water Company City Of Tacoma Water Source Public Year Built Effective 1993 Zoning Class Multi-Family 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 Realty 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 2023-03-21T23:13:54.207. 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 2023-03-21T23:13:54.207. 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 Realty
1029 E Main Street, Suite 201
Puyallup WA, 98372
Northwest MLS logoListing information ©2023 Northwest MLS. Listing courtesy of Gateway Real Estate. Sold by .