Investment Overview

9618 Pacific Ave, a mixed-use community nestled in the heart of South End Tacoma, has a rich history dating back to 1942. With the submarket experiencing a steady increase in demand, it’s clear that 9618 Pacific Ave’s central location plays a key role in its popularity. The community is conveniently situated near Downtown Tacoma, Government Employment, and other major employers in the area. With apartments tucked away from the popular Pacific Avenue, this property allows for multiple streams of income. From apartments to commercial space and billboard income, this property has everything an investor could want. 9618 Pacific Ave features ten charming one-bedroom/one-bathroom units, each spanning approximately ±440 square feet, and three commercial suites spanning a total of ±1,500 square feet and currently being operated by a convenience store. Each unit boasts a roomy living and dining area, along with an oven/range and refrigerator for added convenience. With over half of the units having undergone recent renovations, 9618 Pacific Ave offers a lucrative current income stream and presents an excellent investment opportunity for those seeking a mixed-use property with strong income day one. At a purchase price of $2,095,000, 9618 Pacific Ave currently yields a 6.67% cash-on-cash return. An astute investor can take advantage of the rental upside potential by completing the interior renovations on remaining units and operating the property with strong efficiency. Don’t miss out on this incredible chance to own a thriving income-producing asset in a prime location!