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Cassidy Thomas

cassidy@1realty.com +1(360) 739-4784

Listed by:VPMG Property Management • Avenir Gedarevich

$5,500,000

Est. payment - /mo

40 Beds

20 Baths

18,000 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 18,000 sqft

Price per Sqft $305

Subdivision Manitou

MLS Listing ID 2495107

Style 56 - 10+ Units

Bedrooms 40

Year Built 1981

Annual Tax Amount $49,534

Lot Size 1.450 Acres

Property Sub-Type Multi Family

Property Description

Grande Terrace is a well-maintained 20-unit multi-family investment consisting of five 4-unit complexes with 2-bed/1-bath floor plans. This property is fully occupied with a stable tenant base and strong cash flow. The property is in excellent condition with recently replaced water tanks and heaters, no outstanding maintenance issues, and minimal owner responsibilities since tenants cover all utilities. This is an ideal turnkey investment for investors seeking passive income and reliable returns in the Tacoma market.

Location

State WA

County Pierce

Area 45 - South Tacoma

Interior

Flooring Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood Products

Garage Spaces 20.0

Amenities Available Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Patio

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Dead End Street, Open Space, Paved, Sidewalk

Sewer Sewer Connected

New Construction No

Schools

Elementary Schools Manitou Park

Middle Schools Gray

High Schools Mt Tahoma

School District Tacoma

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Cassidy Thomas

+1(360) 739-4784

Agent | License ID: 132279

Agent License ID: 132279

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5201 - 5215 S Orchard ST Tacoma, WA 98467

Cassidy Thomas

Key Details

Location

Interior

Exterior

Building

Schools

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