$5,500,000
Grande Terrace
Details
APN 2495107
Property Type Multifamily
Sub Type Apartment Building
Square Footage 18,000
Units 20
Occupancy 100%
Tenancy Multi
Price per SqFt $306
Year Built 1981
Buildings 5
Stories 2
Acreage 1.450
Parking Spaces 20 spaces
Parking Per SqFt 1.11
5201-5215 S Orchard St, Tacoma, WA 98467
Marketing description
Grande Terrace is a well-maintained 20-unit multi-family investment consisting of five 4-unit complexes with 2-bed/1-bath floor plans. This property is fully occupied with a stable tenant base and strong cash flow. The property is in excellent condition with recently replaced water tanks and heaters, no outstanding maintenance issues, and minimal owner responsibilities since tenants cover all utilities. This is an ideal turnkey investment for investors seeking passive income and reliable returns in the Tacoma market.
Investment highlights
- 1.45 Acre Lot
- No HOA
- Open Space
- Territorial View
- Patio
- Baseboard Heating
Listing Contacts
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