Bought with Theory Real Estate
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1405 Martin Luther King JR WAY Tacoma, WA 98408
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Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,680 sqft
Price per Sqft $228
Subdivision Tacoma
MLS Listing ID 2029390
Sold Date 05/22/23
Style 56 - 10+ Units
Year Built 1968
Annual Tax Amount $11,921
Lot Size 6,500 Sqft
Property Sub-Type Multi-Family
Property Description
Prime investor opportunity to own this 10 unit apartment complex in downtown Tacoma. Each unit features 1 bedroom and 1 full bathroom plus common space laundry room for additional income. This ideal location has access in front to the new Tacoma Link Light Rail and is within walking distance to many of Tacoma's unique amenities, UW Tacoma and medical facilities. This complex has been under rented for years and could become a cash cow for the future owner. Perfect for a 1031 tax exchange!
Location
State WA
County Pierce
Area 29 - Central Tacoma
Interior
Interior Features Wall to Wall Carpet
Flooring See Remarks, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Tacoma
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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