Bought with Urban Commercial Partners, LLC
$2,300,000
$2,500,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
4120 109th ST SW Tacoma, WA 98499
1 Bed
1 Bath
0.5 Acres Lot
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Lakewood
MLS Listing ID 2302122
Sold Date 03/04/25
Style 56 - 10+ Units
Bedrooms 1
Year Built 1979
Annual Tax Amount $17,014
Lot Size 0.500 Acres
Property Sub-Type Multi-Family
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.
Location
State WA
County Pierce
Area 36 - Lakewood
Interior
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Lakewood
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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