Casa Mia Apartments

4018 - 4028 S Warner St Tacoma WA 98409

Listing #: 602404 | Status: Sold | Closing Date: 01/11/2019 | Last Modified: 1/11/2019 |

For Sale

4018 - 4028 S Warner St Tacoma WA 98409

Agent Information
Showing Instructions
Call Listing AgentYes
Use DiscretionYes

Nick Hemming

(206) 812-9105
nhemming@paragonrea.com

Paragon Real Estate Advisors

(206) 623-8880

Listing Information
Price
Listing Price$ 1,575,000
$/SF$ 170.90
$/Unit$ 131,250.00
Listing StatusSold
Days On Market105
Asset ClassMulti-Family
TermsCash Out
Closed Sales Only
Actual Sold Price$ 1,585,000
$/SF$ 171.98
Closing Date01/11/2019
Selling BrokerTyler Smith
Investment Information
Investment TypeProforma
Investment PropYes
Gross Income$ 155,748
Vacancy Factor %2.00%
Operating Expenses$ 58,177
Net Operating Income$ 94,456
CAP Rate6.00 %
GRM10.11
Detail Listing Information
Min Total SF9,216
Max Total SF9,216
Total Units12
Annual Expense Information
Expense Year2018
Real Estate Taxes$ 14,730
+Account/Legal$ 827
+Insurance$ 4,546
+Water/Sewer$ 19,202
+Prof. Mgr$ 9,450
+Maintenance$ 7,023
+Other Expenses$ 2,400
=Total Exp.$ 58,178
Annual Operating Information
Gross Sch Rents$ 155,748.00
Vacancy %2.00%
=Effective Gross$ 152,633
-Total Expenses$ 58,178
=NOI$ 94,455
Financial Summary
CAP Rate6.00 %
GRM$ 10.11
$/Unit$ 131,250.00
Expense/Unit$ 4,848.08
Asset Class Information
# Units Beds/Baths Avg SqFT
12 2Bed/1Bath 768
Property Information
Building Information
Building StatusExisting
# of Buildings3
# of Floors2
# of Units12
# of Elevators0
Total Building Sq/ft9,216
Net Rentable Area9,216
Lot Sq/ft19,050
Acres0.44
Property Type
Property TypeMulti-Family
InvestmentYes
Location
CountyPierce
Market AreaNalley Valley
Tax ID #2890000354
Additional Parcels2890000353, 2890000363
ZoningRCX
Parking Information
# Uncovered Spaces16
Total Parking Spots16
Construction
Year Built1974
Construction TypeFramed, Wood

12 Units blocks from the Tacoma Mall

Public Comments: 12-unit well-located garden style apartment complex that offers great freeway access blocks away from the Tacoma Mall. The property offers the savvy investor the opportunity to take over a well-managed cash flowing asset with further upside through improvements and increased rent. All large 2BD/1BTH units with modern floor plans. Common laundry in each building. Immediate rental upside.

Showing Instructions: Tenants are unaware of sale. Do not disturb tenants.

Listing Images

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