LISTING DETAILS

Byrn-Mar Apts

219 125TH ST S Tacoma WA 98444

Listing #: 685404 | Status: Available | Last Modified: 8/15/2024

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	493,563
Vacancy Factor %	5.00%
Operating Expenses	208,039
Net Operating Income	260,845
CAP Rate	5.71 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Financial Summary
CAP Rate	5.710

Building Information
Building Status	Existing
# of Buildings	3
# of Floors	2
# of Units	36
Total Building SF	26,712 SF
Net Rentable Area	26,712 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	82,918 SF
Acres	1.9
Year Built	1971

Property Type
Property Type	Multi-Family

Location
County	Pierce
Market Area	Parkland/Midland
Tax ID #	6762001800
Zoning	TCTR

Byrn Mar Apartments

Public Comments

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.

Byrn-Mar Apts
219 125TH ST S Tacoma WA 98444

Listing #: 685404 | Status: Available | Listing Date: 8/13/2024 | Last Modified: 8/15/2024 | Email Listing

For Sale

Byrn-Mar Apts

Listing Images