1134 Fawcett Avenue, Tacoma, WA 98402

$899,950

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Listing courtesy of RE/MAX Sound Properties.

List Price
$899,950
Status
ACTIVE
MLS#
2491440
Price Change
▼ $350,050 1773598172
Days on Market
137
Annual Tax Ammount
12045

Property Description

Great investment opportunity in Tacoma’s Downtown Business District. The property includes a 4-plex apartment building and 46 self-storage units. The apartments are consistently easy to rent with very low vacancy, and Unit #1 was remodeled within the last year. Renovate the remaining units to further increase rents and lease up the storage units for additional income, or explore redevelopment options. The site also offers potential for a mixed-use project with commercial space on the ground floor and apartments or condos above, providing strong upside potential. Owner financing available with 25% down, creating a flexible path for investors looking to secure a well-located income property. Endless possibilities in this well-priced commercial location.

Additional Information

Community
New Tacoma
Building Condition
Fair
Style
60 - Comm Bldg Und 10K
Year Built
1931
# of Assigned Spaces
4
Roof
Flat
Tax Year
2025
Potential Terms
Cash, Conventional
Flooring
Vinyl, Carpet
Driving Directions
GPS Friendly
Electric Expenses
3800
Energy Source
Electric, Natural Gas
Net Operating Income
$41,799
Gross Adjusted Income
$65,394
Gross Scheduled Income
$72,660
Water/Sewer/Garbage Expenses
$2,500
Cap Rate
4.6
Vacancy Rate
10
Total Expenses
$23,595
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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