Address
166 112th Street Ct Tacoma, WA
Price
$ 5,000,000
Property Attributes
- ML#1730648
- TypePending
- CountyPIERCE
- CityTacoma
- AreaParkland
- NeighborhoodParkland
- Zip98445
- Style10+ Units
- Year Built1988
- Taxes45219
- Price$ 5,000,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage22368
- Lot Size0.97 Acres
Listing Provided Courtesy Of:
Kidder Mathews and NWMLS
Data Source:
NWMLS
Property Description
Constructed in 1988, Sherwood Terrace consists of four two-story wood framed residential buildings spread across a roughly 1-acre parcel. This 24-unit complex holds spacious 2-bedroom, 1-bath and 2-bedroom, 1.5 bath layouts averaging 932 SF. Meticulously maintained and self-managed, this unique offering is being offered to investors for the first time in 15+ years. Primed for renovation, this value-add opportunity offers significant rental upside as rents are currently below market, and majority of homes (83%) are ripe for renovation to capture additional rent premiums. Sherwood Terrace presents and ideal first-generation value-add opportunity through maximizing operations with professional management, and interior renovations.
| Price History | |
|---|---|
| 2/25/2021 | Listed $5,000,000 |
General Features
| Buildingareaunits | Square Feet |
|---|---|
| Carport Spaces | 24 |
| Carport Y/N | No |
| Exterior Features | Cement Planked |
| Flooring | See Remarks |
| High School District | Tacoma |
| New Construction | No |
| Open Parking Spaces | 8 |
| Possible Use | Multi-Family |
| Property SubType | Multi-Family |
| Property Type | Residential Income |
| Roof | Composition |
| Sewer | Sewer Connected |
| Standard Status | Pending |
| Structure Type | Multi Family |
| Subdivision Name | Parkland |
| Tax Annual Amount | 45219 |
| Terms | Conventional |
| Total Units | 24 |
| Units Below Grade | false |
| Units In Building Total | 24 |
Interior Features
| Electric On Property Y/N | No |
|---|---|
| Fireplace Y/N | No |
| Furnished Y/N | Unfurnished |
| Power Production Type | Electric |
Exterior Features
| Foundation Details | Block |
|---|---|
| Lot Dimensions | 42100 |
| Lot Size Acres | 0.9665 |
| Lot Size Square Feet | 42100 |
| Lot Size Units | Square Feet |
| Open Parking Y/N | Yes |
| Parking Uncovered Spaces | 8 |
| Total Parking | 32 |
| View Y/N | No |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 98445
Price
Taxes
Visits
Year Built
