120 136th Street S #1-64 Tacoma, WA 98444

Pending

$7,900,000

Market Estimate

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0 Beds
0 Baths
39,435 sq. ft.
Multi-Family
Listing# 1681200

120 136th Street S #1-64, Tacoma, WA 98444

Listing provided courtesy of: Sterling Johnston Real Estate

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Views: 134 Days On Site: 129

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Property Details

Description Tours

64 Units,Garden style,Market CAP Rate 5.6%,Less than $125k per unit with potential income upside up to 18+%,Over the past 5 years rents have increased 16% in Parkland,minutes to PLU & 10 minutes to downtown Tacoma,new roofs with transferable warranties all buildings,new siding on multiple south&west sides of the buildings,dual pane windows,upgraded landscaping & walkways between buildings.on-site office,on-site laundry,dishwashers,oversized closets add interior laundry to increase rents more.

General Features
- County Or Parish Pierce
- Furnished Unfurnished
- Leasable Area 39435
- Leasable Area Units Square feet
- MLS Area Major 63 - Parkland
- New Construction Y/N No
- Property Sub Type Multi-Family
- Special Listing Conditions None
- Style Code 56 - 10+ Units
- Subdivision Name Parkland
- Tax Annual Amount 61815
- Tax Year 2020
- Year Built 1969
Building Features
- Building Area Total 39435
- Building Area Units Square feet
- Exterior Features Wood
- Flooring Laminate, Vinyl, Carpet
- Foundation Details Poured Concrete
- Green Energy Efficient Thermal Windows
- Heating Y/N Yes
- Interior Features Wall to Wall Carpet
- Living Area 0
- Living Area Units Square feet
- Roof Flat
Property Features
- Carport Spaces 0
- Carport Y/N No
- Covered Spaces 0
- Irrigation Water Rights Y/N No
- Lot Features Corner Lot, Curbs, Paved, Sidewalk
- Lot Size Acres 2.2308
- Lot Size Square Feet 97173
- Lot Size Units Square feet
- Open Parking Spaces 86
- Open Parking Y/N Yes
- Parking Total 86
- Sewer Sewer Connected
- Utilities Cable Connected,Sewer Connected,Electricity Available
- View Territorial
- View Y/N Yes
- Waterfront Y/N No
Schools
- High School District Tacoma

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Neighborhood

98444 (Tacoma) Demographics

32 Median Age

5,168 Population Density (per sq. mile)

23% College Educated

$39,911 Estimated Median Income

4,415 Estimated Total Home Owners

8,357 Estimated Total Renters

35% / 65% Estimated Owner / Renter Divide

2 Estimated Average Household Size

34,771 Total Population

Community data courtesy of LiveBy, Inc.

Schools Near Here

Elementary Schools

Public Brookdale Elementary

Grades: PK - 5
Enrollment: 496

Public Christensen Elementary

Grades: PK - 5
Enrollment: 457

Private Faith Lutheran School

Grades: 2 - 13
Enrollment: 77

Public Fern Hill

Grades: PK - 5
Enrollment: 324

Public Helen B. Stafford Elementary

Grades: PK - 5
Enrollment: 518

Private Imagination School

Grades: 2 - 11
Enrollment: 10

Public James Sales Elementary

Grades: KG - 5
Enrollment: 460

Public Learning Support

Grades: PK - PK
Enrollment: 79

Private Parkland Lutheran Church & School

Grades: 2 - 13
Enrollment: 85

Public Perry G Keithley Middle School

Grades: 5 - 8
Enrollment: 737

Middle Schools

Private Faith Lutheran School

Grades: 2 - 13
Enrollment: 77

Public Gates Secondary School

Grades: 8 - 12
Enrollment: 154

Private Imagination School

Grades: 2 - 11
Enrollment: 10

Private Parkland Lutheran Church & School

Grades: 2 - 13
Enrollment: 85

Public Perry G Keithley Middle School

Grades: 5 - 8
Enrollment: 737

High Schools

Private Faith Lutheran School

Grades: 2 - 13
Enrollment: 77

Public Gates Open Doors Program

Grades: 9 - 12
Enrollment: 0

Public Gates Secondary School

Grades: 8 - 12
Enrollment: 154

Private Imagination School

Grades: 2 - 11
Enrollment: 10

Private Mount Rainier Lutheran High School

Grades: 14 - 17
Enrollment: 96

Private Parkland Lutheran Church & School

Grades: 2 - 13
Enrollment: 85

Public Washington High School

Grades: 9 - 12
Enrollment: 981

School data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$350,000 Median Sales Price

27 Homes Sold

35 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source	New Value: $7,900,000
12/28/2020 10:46:41 AM	Status Changed Source	New Value: Pending
12/4/2020 2:32:08 PM	Price Reduced Source	New Value: $7,900,000	-4.82%
10/26/2020 11:41:00 AM	New in Database Source	New Value: $8,300,000

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**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2021. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.