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1420 112th Street S, Tacoma, WA 98444

$1,790,000 7,290 Square Feet

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16 UNITS, TACOMA, WA CAP RATE 6.4%
$1,790,000
7290 SQUARE FEET
LOT SIZE:
25000
16 units, 6.4% CAP rate- Ash Creek Apartments is a single-level, garden-style community ,Ample parking (24 parking spaces) turnkey property, The property boasts a common laundry room with two leased washer/dryer sets that generate additional income as well as 10 storage lockers which can be leased for tenant usage.
Each unit has been fully renovated with new cabinets, sinks, and countertops, updated fixtures and flooring, and a designer interior paint palette.
Property features a new pitched roof, updated dual-pane vinyl windows, a recently repainted exterior, and a resurfaced parking lot. Upgraded plumbing, storm, and electrical systems,
Strategically located near Interstate 5 approximately half-way between Olympia and Seattle
A 15-minute drive to Downtown Tacoma. Tacoma, job growth is expected to be 33 percent over the next decade.
STRONG JOB MARKET Major employers in the area include JBLM, Madigan Army Hospital, Clover Park School District, St. Clare Hospital, McLane Northwest, and Aacres. Ash Creek is positioned near The University of Washington Tacoma and Pacific Lutheran University is 15 minutes from Ash Creek Apartments, and is currently expanding its campus which employs 220 full time professors and has an enrollment of 3,300.
Ash Creek Apartments is Located less than 10 minutes from Lakewood Industrial Park, with its 2.4 million square feet of manufacturing, warehouse, and distribution facilities
2.7 miles to the Lakewood Sounder rail station providing commuting service to Tacoma, Auburn, Kent, and Downtown Seattle
ADDITIONAL INFORMATION
  • MLS #1360500
  • Property Tax: $14,039/yr
  • Area of Town: Parkland
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Donna Marshall
Capstone Real Estate Group
425-422-0954
 
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