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Multifamily

Hillside View

1601 S G St, Tacoma, WA 98405

Listing Price: $1,330,000

Cap Rate
4.81%
Number of Units
7
Occupancy
100.0%
Price/Unit
$190,000
Price/Gross SF
$300.29
Gross SF
4,429

Investment Overview

Hillside View is 1908 wood-frame construction. The building was completely renovated in 2013 receiving new plumbing and electrical systems. The roof and siding were replaced in 2019-2020. Hillside View offers three units facing east with views overlooking the Thea Foss Waterway. The property has a common laundry room with two sets of washers and dryers. Unit improvements include new vinyl and carpet flooring, new wooden cabinets, updated kitchen and bathroom packages, and double-pane windows. The building is heated by cadet heaters. Additionally a hard-lined fire alarm system was installed with pull stations in each common hallway. The unit mix of Hillside View consists of one studio measuring 297 square feet , two one-bedroom one bath units measuring approximately 612 square feet, and four two-bedroom one bathroom units measuring approximately 727 square feet. Each unit is equipped with a refrigerator, stove/range, and a microwave. Select units also include washer/dryer and eastern facing views. Common area amenities include a laundry room with 2 sets of washers and dryers, 8 parking spots, and ample street parking.

Investment Highlights

  • Recently renovated building in New Tacoma / Downtown Tacoma
  • Walk score of 80 - Very walkable
  • Below Market Rents
  • 100 % Occupied
  • Close Proximity to St. Joseph's Medical Center, Tacoma Art Museum, Wright Park, Link Light Rail

Exclusively Listed By

Listing Price: $1,330,000

Cap Rate
4.81%
Number of Units
7
Occupancy
100.0%
Price/Unit
$190,000
Price/Gross SF
$300.29
Gross SF
4,429

Investment Highlights

  • Recently renovated building in New Tacoma / Downtown Tacoma
  • Walk score of 80 - Very walkable
  • Below Market Rents
  • 100 % Occupied
  • Close Proximity to St. Joseph's Medical Center, Tacoma Art Museum, Wright Park, Link Light Rail

Investment Overview

Hillside View is 1908 wood-frame construction. The building was completely renovated in 2013 receiving new plumbing and electrical systems. The roof and siding were replaced in 2019-2020. Hillside View offers three units facing east with views overlooking the Thea Foss Waterway. The property has a common laundry room with two sets of washers and dryers. Unit improvements include new vinyl and carpet flooring, new wooden cabinets, updated kitchen and bathroom packages, and double-pane windows. The building is heated by cadet heaters. Additionally a hard-lined fire alarm system was installed with pull stations in each common hallway. The unit mix of Hillside View consists of one studio measuring 297 square feet , two one-bedroom one bath units measuring approximately 612 square feet, and four two-bedroom one bathroom units measuring approximately 727 square feet. Each unit is equipped with a refrigerator, stove/range, and a microwave. Select units also include washer/dryer and eastern facing views. Common area amenities include a laundry room with 2 sets of washers and dryers, 8 parking spots, and ample street parking.

Exclusively Listed By

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