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Cathy Jeney
Direct: (206) 812-9117
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Paragon Real Estate Advisors
Main: (206) 623-8880
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Nick Hemming
Direct: (206) 812-9105
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Paragon Real Estate Advisors
Main: (206) 623-8880
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FOR SALE - Listing #: 685404
Byrn-Mar Apts
219 - 0 125TH ST S, Tacoma WA98444
Agent Remarks
36-unit garden-style community is offered to the market for the first time in over 30 years. Property features 22-1BD and 14-2BD units, and 51 parking spaces. The property spans four buildings, surrounding a shared courtyard with swimming pool an leasing office. Property has been maintained and operated by long-term ownership, preserving their classic charm while offering significant potential for repositioning. This property presents a value add opportunity for new ownership through modernization and improved operations. The units, which are larger than average for the submarket, can command higher rents with cosmetic upgrades. Additionally, the complex includes desirable amenities such as a pool, leasing office, and laundry facilities.
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County
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Pierce
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Market Area
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Parkland/Midland
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Tax ID #
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6762001800
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Price
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$ 5,000,000
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Property Details
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Prop Type
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Multi-Family
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# Floors
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2
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Bldg SF
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26,712
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Year Built
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1971
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Land SF
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82,918
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# Bldgs
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3
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Acres
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1.903545
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# Parking Spaces
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0
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Office Class
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Informational Links
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