exclusively offered by berkadia seattle
32-Unit Value-Add Opportunity in Parkland
12712 C St S Tacoma, WA 98444
Highlights$5.25M
List Price
32
Total Units
17
renovated units
675 SF
Avg Unit Size
1971/2017
Year Built/Renovated
investment highlights
Compelling Pricing: A strong valued proposition offered at $164,063 per unit and $243 per square foot.
Balanced Unit Mix: Features an equal number of one- and two-bedroom units, including 17 renovated units and 15 original units, designed to appeal to a diverse renter base.
Income Growth Potential: Opportunity to significantly increase net operating income with minimal expense adjustments and a 10% rent increase to align with market rates.
Renovation Upside: Renovation projections indicate a 6.77% cap rate at post-renovation market rents.
Prime Location: Situated in Parkland, benefiting from proximity to major employment hubs while avoiding Tacoma’s restrictive tenant and landlord regulations.
Well-Maintained Parkland Property Offering Basis & Upside Potential
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PRIMARY CONTACT
INVESTMENT SALES
mortgage banking
offices in bellevue & seattle
bellevue
411 108th Avenue NE
Suite 1080
Bellevue, WA 98004
206.521.7220
seattle
601 Union Street
Suite 3720
Seattle, WA 98101
206.521.7220
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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