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Listed by:Blake Investment Advisors • Gabe Blake
$1,800,000
Est. payment /mo
9 Beds
8 Baths
6,500 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision North Tacoma
MLS Listing ID 2579094
Style 55 - 5-9 Units
Bedrooms 9
Year Built 1892
Annual Tax Amount $19,768
Lot Size 6,500 Sqft
Property Sub-Type Multi Family
Property Description
Introducing the Stadium District Bayview Apartments, an iconic trophy 7-unit multifamily investment overlooking Commencement Bay, offered to the market for the first time in over 80 years and showcasing irreplaceable vintage Dutch Colonial charm. Located in Tacoma's highly desirable Stadium District, the property is just steps from the Tacoma Lawn Tennis Club, Annie Wright Schools, and Stadium High School. This is a truly special opportunity for either an investor or owner-occupant, offering strong in-place cash flow alongside the rare opportunity to take advantage of the currently vacant 2,500-square-foot owner's unit. This expansive 4-bed, 2-bath residence features three separate living areas, a spacious dining room, and an impressive 850+ square-foot private deck. Market rent comparables suggest the unit could command approximately $4,000 per month, providing a new owner with the flexibility to either occupy the residence or further enhance the property's income. The property features a unique unit mix consisting of the main four-bedroom, two-bathroom unit, five spacious one-bedroom apartments averaging 683 SF, and a 455-SF studio apartment. The main residence and Unit C feature in-unit laundry, while the remaining residents benefit from a common laundry room located in the basement. Major capital improvements include updated electrical panels throughout the property and a roof replacement completed within the last 10 years. Come tour this special asset!
Location
State WA
County Pierce
Area 13 - North Tacoma
Interior
Flooring Hardwood
Fireplace false
Exterior
Exterior Feature Wood Products
Garage Spaces 3.0
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
Water See Remarks
New Construction No
Schools
High Schools Stadium
School District Tacoma
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
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Leon Harper
Real Estate Professional License ID: 18115
Real Estate Professional License ID: 18115