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Tacoma,WA 98444
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 21,600 sqft
Price per Sqft $268
Subdivision Parkland
MLS Listing ID 2335254
Style 56 - 10+ Units
Bedrooms 2
Year Built 1971
Annual Tax Amount $55,585
Lot Size 0.482 Acres
Property Sub-Type Multi-Family
Property Description
Heather Court is a well-maintained, value-add investment opportunity offering strong growth potential and reliable returns. This 32-unit property, built in 1971 and renovated in 2017, blends modern upgrades with classic charm, featuring spacious one- and two-bedroom apartments averaging 675 SF. Recent improvements, including a new roof, updated exterior, and interior enhancements like hardwood floors and refreshed cabinetry, attract high-quality tenants and support rental income growth. With light upgrades, rents can be increased by 6.5%, achieving a projected 6.1% cap rate. Ideally located in Parkland, near major employers like Joint Base Lew-McChord, Boeing, and UW Tacoma, Heather Court benefits from strong rental demand.
Location
State WA
County Pierce
Area 69 - Parkland
Interior
Flooring Vinyl Plank,Carpet
Exterior
Exterior Feature Metal/Vinyl,Wood
Amenities Available Cable TV,Deck,Dog Run,Fenced-Partially,High Speed Internet
View Y/N No
Roof Type Composition
Building
Lot Description Paved,Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Franklin Pierce
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional