2825 S Delin

Tacoma, WA 98402

Status

SOLD

MLS#

373264

Sold Price

$5,280,000

List Price

$5,700,000

Closing Date

Apr 05, 2013

Style

56 - 10+ Units

Building Condition

Very Good

Property Description

Amazing views of the city and Commencement bay. This 40 unit apartment building is pristine in every manner of the word. This complex is one of the best maintained anywhere. Beautiful landscaping with waterfalls is what greets you as you enter the managers office. 16 carport 8 garages. This building has been condominiumized. Each unit has it's own parcel number for an easy condo conversion.

Property Details

List Date

2012-06-22 00:00:00

Community

Tacoma

Property Type

MULT

# of Units

40

Stories

3

Unit 1 Information

Unit 1 Beds

2

Financial Information

Net Operating Income

$332,569

Gross Adjusted Income

$382,254

Gross Scheduled Income

$402,373

Total Monthly Income

$5,400

Insurance Expense

$8,364

W/S/G Expenses

$5,442

Total Expenses

$49,685

Gross Rent Multiplier

17

Vacancy Rate

3

Cap Rate

5.11

Additional Information

Year Built

2001

Total Parking

68

Uncovered Parking

45

View

City, Mountain, Sound

Exterior

Wood

Roof

Composition

Site Features

Cable TV, Deck, Disabled Access, High Speed Internet

Lot Details

Corner Lot, Curbs, Paved Street, Sidewalk

Annual Taxes

$12,754

Tax Year

2011

School District

Tacoma

Potential Terms

Cash Out, Conventional

no photo
425-223-6021

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