Madrona Park Apartments - SOLD

Property Details

  • Location: 3001 and 3015 Tyler Street Tacoma , WA
  • Investment Summary:
    • Price - $1,350,000
    • Units - 20
    • Price/Unit - $67,500
    • Price/SF - $92/SF
    • CAP Rate - (Proforma) - 6%
    • Annual GRM (Proforma) - 9.55
  • Property Summary:
    • Location - Tacoma (near UP)
    • Total SF - 14,688
    • Construction - Wood Frame/ lap siding
    • Most units recently remodeled (06’-07’)
The Madrona Park Apartments are conveniently located just off Highway 16 on 30th and Tyler Street . There are three parks nearby including the well known Tacoma Nature Center/Snake Lake where an $84.3 million park improvement bond was past in 2005. Close shopping options include the Tacoma Mall, Fred Meyer, Tacoma Central Shopping Center (includes, Target, TJ Max, Top Foods and more) Also near by is Cheney Stadium, Home of the Tacoma Rainiers.
** Sizes are approximate based on information we deem to be reliable, but are not guaranteed by Coldwell Banker Commercial Offenbecher Inc. Please verify actual square footage.

For more information contact Ethan at: 253-840-5574
 or e-mail at: ethan@offenbecher.com

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101 South Meridian
Puyallup, WA 98371
Phone (253) 840-5574.