4005 S Warner St - Apartments FOR SALE


Tacoma, WA 98409
$3,500,000 USD
206-774-5436
4005 S Warner St, Tacoma, WA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/19
null | 6.01% Cap Rate

4005 S Warner St
Tacoma, WA 98409


OVERVIEW

Foundation Group is pleased to offer The Sedona Apartments in Tacoma, Washington, located in the evolving Tacoma Mall neighborhood, an Opportunity Zone designation area. The property is well-positioned within this rezone area, placing it in the path of new development and growth. The location offers excellent access to transportation, being one block from a major bus line, 0.8 miles from Interstate 5, and 1 mile south of Highway 16, with the Sounder Train’s South Tacoma Station just 1.5 miles away. It’s also a short drive to Bates Technical College South Campus and Joint Base Lewis-McChord, the area’s largest employer with over 54,000 employees, which supports the local economy. 17 of the 21 units have been significantly remodeled, featuring new hot water tanks, updated electrical panels, hard surface flooring, millwork, stainless appliances, updated cabinets, new countertops, and fresh paint. Ten units include all-in-one washer/dryer machines for added convenience. In the last five years the exterior has also been upgraded with new fencing, insulation, bathroom vents, paint, new signage, and a resurfaced parking lot. The building is equipped with double-pane windows and copper plumbing, enhancing energy efficiency.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

21

PRICE/UNIT

$166,667

CAP RATE

6.01%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Sedona

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

RCX, Pierce

APN/PARCEL ID

289000-0261

ASK ABOUT THIS PROPERTY

Aaron LockeThe Foundation GroupMore Info
206-774-5436

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Aaron LockeThe Foundation GroupMore Info
206-774-5436

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.