4120 109th Street SW, Tacoma, WA 98499
- $2,300,000
Listing courtesy of Urban Commercial Partners, LLC. Selling Office: Urban Commercial Partners, LLC.
- Sold Price
- $2,300,000
- List Price
- $2,500,000
- Status
- SOLD
- MLS#
- 2302122
- Closing Date
- Mar 04, 2025
- Days on Market
- 231
- Style
- 56 - 10+ Units
- Annual Tax Ammount
- 17014
- Lot Size (sq ft)
- 21,800
- Sewer
- Sewer Connected
Property Description
The Malibu Apartments is a Turn-Key asset with in place 5.89% Cap Rate with moderate upside. Malibu is comprised of 14 residential units, all 1 bed/1 bath and approximately 520 SF. 2 buildings, consisting of 8 units and 6 units respectively. The 8-unit building saw a studs out remodel in 2023. All 14 units are turn key. Washer/Dryer in each unit and plenty of on-site parking.
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Additional Information
- List Date
- 2024-07-16 00:00:00
- Community
- Lakewood
- Net Operating Income
- $147,171
- Gross Adjusted Income
- $234,971
- Gross Scheduled Income
- $244,761
- Total Monthly Income
- $20,397
- Insurance Expenses
- $18,024
- Water/Sewer/Garbage Expenses
- $20,343
- Gross Rent Multiplier
- 10.2
- Total Expenses
- $87,800
- Cap Rate
- 5.89
- Vacancy Rate
- 4
- Total Number of Units
- 1
- Unit Name
- 4120
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1979
- Roof
- Composition
- Other Expenses
- 32419
- Energy Source
- Electric
- School District
- Lakewood
- Total Monthly Income
- $20,397
- Gross Scheduled Income
- $244,761
- Vacancy Rate
- 4
- Gross Adjusted Income
- $234,971
- Tax Year
- 2024
- Insurance Expense
- $18,024
- W/S/G Expenses
- $20,343
- Total Expenses
- $87,800
- Net Operating Income
- $147,171
- Gross Rent Multiplier
- 10.2
- Cap Rate
- 5.89
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.