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417 Garfield Street S
Tacoma, WA 98444

$4,950,000
Listing Courtesy of: Savvy Lane Inc
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Listing Details

  • $4,950,000
  • MLS# 1939077
  • Type Multi Unit - Multiple
  • Status Active
  • 0.459 acres
    Lot Size
  • 1948
    Year Built
  • Franklin Pierce
    Local Schools

Listed By

Agency Name: Savvy Lane Inc
Agency Phone: 800-915-9174

Shown By

Agency Title: Coldwell Banker Bain
Agency Phone:

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Home Value Estimate


Description

For sale is a portfolio offering of mixed-use apartments and retail assets one block from PLU. Offering includes a mixed-use building consisting of 23 multi-family units and 12 retail units, a three tenant retail building, and 0.44 acres of vacant commercial land. All multifamily units and retail units are 100% occupied. This investment is a value-add opportunity with an estimated 64% upside in rents across the multi-family units, as well as re-purposing the vacant land as an income source or development. Zoned Towne Center, the land is used as a parking amenity for tenants and could provide additional income to the buyer or be developed...read more

Features

  • $28,601 Taxes
  • Built in 1948

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