5032 S 58th St - Apartments FOR SALE


Tacoma, WA 98409- South Tacoma
$749,900 USD
206-931-6036
5032 S 58th St, Tacoma, WA for Sale
$749,900 USD
Apartments - FOR SALE
1/16
null | 8.72% Cap Rate

5032 S 58th St
Tacoma, WA 98409
South Tacoma


OVERVIEW

Solid Fourplex located in Orchard Glen Estates. Value-Add Opportunity with rents well below market rates. Units are ~900SF, 2bed/1bath; upper have balconies, lower have patios & large back yards. Shared laundry facility in basement. New roof in 2019. This building uniquely features an ~1,800SF basement with full-height ceilings, offering exceptional versatility & additional income potential—rent out as storage, workshop, or maybe convert to more unit(s)? Unit D left vacant for showings; ABC tenants are very long term, month to month with no rent increases in several years. 1/3 Acre Lot. Quiet cul-de-sac location w/ convenient access to I-5 & JBLM. 8.7% Cap Rate @ Market Rents. Competitively priced to sell!

FOR SALE DETAILS

PRICE

$749,900 USD

PRICE/SF

$210 USD /SF

# OF UNITS

4

PRICE/UNIT

$187,475

CAP RATE

8.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

R2

APN/PARCEL ID

655100-0140

ASK ABOUT THIS PROPERTY

Charles BurnettSound Realty Group, IncMore Info
206-931-6036

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

Charles BurnettSound Realty Group, IncMore Info
206-931-6036

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