WA > Tacoma > Parkland
Tacoma, WA 98444,12712 -12720 C ST S
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Tacoma, WA 98444,12712 -12720 C ST S
Tacoma, WA 98444,12712 -12720 C ST S
Tacoma, WA 98444,12712 -12720 C ST S
Tacoma, WA 98444,12712 -12720 C ST S
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Dan Bennett

Dan Bennett

+1(253) 377-1818
Listed by COMPASS
$ 5,800,000
Est. payment /mo
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12712 -12720 C ST S Tacoma, WA 98444

2 Beds

1 Bath

21,600 SqFt

UPDATED:

02/22/2025 01:05 PM

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

Interior Features Wall to Wall Carpet

Flooring Vinyl Plank, Carpet

Fireplace false

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

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
agent

Dan Bennett

Broker | License ID: 75547

+1(253) 377-1818

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