Skip To Content

4318 S Puget Sound Avenue

Tacoma, WA 98409
  • $3,400,000
  • STATUS: Pending
  • ON SITE: 78 Days
  • ID#: 2025058
Under Contract
$3,400,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,404
    SQFT
  • $327
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2022
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logoListing information ©2023 Northwest MLS. Listing courtesy of Windermere Chambers Bay. Sold by .

Description

New Construction 12 plex with 12 year tax abatement. City will be repaving the entire street and adding sidewalks within a year. All 12 units have washer/dryers, dishwashers & HP mini splits for heat & AC. Property will have two wrought iron gates on front and back entrances prior to sale closing. 6 rentable garage spots & 6 rentable 75 sq ft storage units. Great cash flow & long term asset potential. High quality construction, building will have minimal maintenance and repairs for years to come. 6.34% cap rate is a great deal for new construction!

Monthly Payment Calculator



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Icon Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-03-24T00:14:38.8. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2023-03-24T00:14:38.8. 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.
www.iconrealestategroup.com/homes/135742929
Print Image

4318 S Puget Sound Avenue Tacoma, WA 98409

  • Price: $3,400,000
  • Status: Pending
  • On Site: 78 Days
  • ID#: 2025058
0
Beds
0
Baths
0
½ Baths
0.22
Acres
10,404
SQFT
$327
$/SQFT
2022
Built
Neighborhood:
South Tacoma
County:
Pierce
Area:
South Tacoma
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify
School District:
Tacoma
Property Description
New Construction 12 plex with 12 year tax abatement. City will be repaving the entire street and adding sidewalks within a year. All 12 units have washer/dryers, dishwashers & HP mini splits for heat & AC. Property will have two wrought iron gates on front and back entrances prior to sale closing. 6 rentable garage spots & 6 rentable 75 sq ft storage units. Great cash flow & long term asset potential. High quality construction, building will have minimal maintenance and repairs for years to come. 6.34% cap rate is a great deal for new construction!
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 6 Exterior Features Cement/ConcreteCement PlankedWood Lot Features Paved Open Parking Spaces 0 Open Parking YN No Parking Total 6 Parking Uncovered Spaces 0 Roof FlatSee Remarks Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

Interior Features

Building Area Total 10404 Cooling YN Yes Fireplace YN No Flooring Vinyl PlankCarpet Furnished Unfurnished Heating YN Yes Interior Features Ductless Hp-Mini SplitWall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Cumulative Days On Market 94 Energy Source ElectricNatural Gas Estimated Completion Date 2022-10-14 FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 221834 New Construction Completed New Construction YN Yes Possession Closing Possible Use Multi-Family Power Company Tpu Power Production Type ElectricNatural Gas Property Condition Very Good Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company Tpu Site Features Cable Tv Special Listing Conditions None Tax Annual Amount 3363 Tax Year 2022 Units In Building Total 12 Water Company Tpu Water Source Public Year Built Effective 2022 Zoning Class Multi-Family Zoning Jurisdiction City



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Icon Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-03-24T00:14:38.8. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2023-03-24T00:14:38.8. 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.
 
https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_2025058-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_2025058-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_2025058-1.jpg
Logo
Icon Group
11223 SE 248th Street
Kent WA, 98030
Northwest MLS logoListing information ©2023 Northwest MLS. Listing courtesy of Windermere Chambers Bay. Sold by .