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Mitchell Belcher
Managing Director
425.891.9594
mitchell.belcher@berkadia.com
Steven Chattin
Managing Director
425.269.3826
steven.chattin@berkadia.com
Jay Timpani
Managing Director
206.999.3206
jay.timpani@berkadia.com
INVESTMENT ADVISORS
Primary Contact:
Chad Blenz
Senior Director
206.491.2008
chad.blenz@berkadia.com
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Beautifully Maintained Community with 47 Units
Address
City, State, Zip
Price
Units
Year Built
Total Size
Lot Size
Zoning
Parcel No.
County
2205 S 74th Street
Tacoma, WA 98409
$10,150,000
47
1979
38,154 NRSF
2.54 acres
R4L
032030-4085
Pierce
Chad Blenz
Senior Director
206.491.2008
chad.blenz@berkadia.com
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.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
contact
Phone: 206.521.7220
Fax: 206.521.7222
Privacy | Terms of Use
The Opportunity
/ Well-maintained and professionally-managed community with 47 units in Tacoma, WA; no deferred maintenance,100% occupied with zero delinquency
/ All units have been lightly upgraded; further renovation will unlock a greater premium with the addition of stainless-steel appliances, upgraded countertops, and plank flooring
/ Current ownership has invested significant capex in recent years to bring the exterior to turnkey condition with new roofs, windows, decks, asphalt, landscaping, and exterior paint; copper plumbing, wiring, and all major systems are in good condition
/ Multiple opportunities to increase income on top of rental upside through private parking, storage, and potential to add another bedroom to the 47th unit
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Beautifully Maintained Community with 47 Units
Brandon Lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
/ Amenities include in-unit washer/dryer, wood-burning fireplace, patio/balcony, parking, and storage
Chad Blenz
Senior Director
206.491.3826
chad.blenz@berkadia.com
brandon lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
Jay Timpani
Managing Director
206.999.3206
jay.timpani@berkadia.com
Steven Chattin
Managing Director
425.269.3826
steven.chattin@berkadia.com
Mitchell Belcher
Managing Director
425.891.9594
mitchell.belcher@berkadia.com
INVESTMENT ADVISORS
Our team
Back to Top
View Listings
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.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
contact
Phone: 206.521.7220
Fax: 206.521.7222
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
2205 S 74th Street
Tacoma, WA 98409
Units
47
built
1979
total size
38,154 NRSF
county
Pierce
Chad Blenz | Senior Director
206.491.2008
chad.blenz@berkadia.com
206.491.2008
chad.blenz@berkadia.com
Location Map
Our Team
Document Center
The Opportunity
Location Map
Our Team
Document Center
View Opportunity
/ Well-maintained and professionally-managed community with 47 units in Tacoma, WA; no deferred maintenance,100% occupied with zero delinquency
/ Current ownership has invested significant capex in recent years to bring the exterior to turnkey condition with new roofs, windows, decks, asphalt, landscaping, and exterior paint; copper plumbing, wiring, and all major systems are in good condition
/ All units have been lightly upgraded; further renovation will unlock a greater premium with the addition of stainless-steel appliances, upgraded countertops, and plank flooring
/ Just 6 miles from downtown Tacoma with immediate access to I-5; short walk to Bates Technical College South Campus and a quick drive to Joint Base Lewis-McChord with 54,000+ employees, a major anchor of the area’s economy
/ Amenities include in-unit washer/dryer, wood-burning fireplace, patio/balcony, parking, and storage
/ Multiple opportunities to increase income on top of rental upside through private parking, storage, and potential to add another bedroom to the 47th unit
Zoning
R4L
/ Just 6 miles from downtown Tacoma with immediate access to I-5; short walk to Bates Technical College South Campus and a quickdrive to Joint Base Lewis-McChord with 54,000+ employees, a major anchor of the area’s economy
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Price
$10,150,000
total size
2.54 Acres