$3,250,000

0 Beds 0 Baths 0 SQFT 0.20 Acres

Type: Multi-Family

1002 N J Street
Tacoma, WA 98403

MLS#: 2425750

Presented by: Blake Investment Advisors and NWMLS

Property Description

Marguerite Apartments is a meticulously well-maintained 14-unit apartment investment opportunity located in an "A" North Tacoma location. Nine of the fourteen apartments have been renovated to include; stainless steel refrigerators, sinks, oven/range and dishwashers, new lighting fixtures, new luxury vinyl plank flooring in living room, dining room, and kitchen, granite kitchen and bathroom countertops, tile flooring in the bathrooms. The property features a desirable unit mix consisting of 7 one-bedroom units averaging 477 square feet, 6 two-bedroom units averaging 920 square feet, and a top-floor, penthouse suite with ocean views spanning 1,200 square feet, also equipped with a private roof-top deck. There are 13 on-site parking spots.

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringVinyl Plank

Heating Y/NYes

Power Production TypeElectric

Total Fireplaces0

Total Stories3

General

AmenitiesCoin Op Laundry

Building Area Units0 sqft

Cap Rate4.11

Carport Spaces4

Carport Y/NNo

CityTacoma

CoolingNone

CountyPierce

DirectionsDriving West on J st, building is on the corner of 10th and J on the left side

Electric Expense0

Fuel Expense0

HOANo

HOA Fee$0

HeatingBaseboard

High School DistrictTacoma

Insurance Expense9031

Leasable Area10,033 sqft

Listing TermsConventional

Living Area0 sqft

Lot Size Square Feet8,580 sqft

Lot Size UnitsSquare Feet

MLS Area13 - North Tacoma

NWM_ShowMapLinkY

Net Operating Income133451

New ConstructionNo

Number Of Units Total14

Open Parking Spaces9

PossessionClosing

Property ConditionUpdated/Remodeled

Property Style56 - 10+ Units

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksMarguerite Apartments is a meticulously well-maintained 14-unit apartment investment opportunity located in an A North Tacoma location. Nine of the fourteen apartments have been renovated to includ

RoofTorch Down

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeMulti Family

Subdivision NameNorth Tacoma

Tax Annual Amount$32,117

Tax Year2024

Units Below Gradefalse

Units In Building Total14

ViewBay

Water Sewer Garbage21765

Year Built1967

Exterior

Building Area Total0 sqft

Covered Spaces0

Exterior AmenitiesBrick

Irrigation Water Rights Y/NNo

Lot Size Acres0.197

Parking Uncovered Spaces9

Total Parking13

Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School N/A

Middle School N/A

High School N/A

Similar Properties

$3,250,000

0 Beds 0 Baths 0 SQFT 0.20 Acres

Type: Multi-Family

1002 N J Street
Tacoma, WA 98403

MLS#: 2425750

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Property

$3,250,000

1002 N J StreetTacoma, WA 98403

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$3,250,000

1002 N J StreetTacoma, WA 98403

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1002 N J Street
Tacoma, WA 98403

1002 N J Street
Tacoma, WA 98403