12712 -12720 C STREET S
Tacoma, WA 98444
21600 sqft | 0.48 acres | #2335254
Description
Heather Court is a well-maintained, value-add investment opportunity offering strong growth potential and reliable returns. This 32-unit property, built in 1971 and renovated in 2017, blends modern upgrades with classic charm, featuring spacious one- and two-bedroom apartments averaging 675 SF. Recent improvements, including a new roof, updated exterior, and interior enhancements like hardwood floors and refreshed cabinetry, attract high-quality tenants and support rental income growth. With light upgrades, rents can be increased by 6.5%, achieving a projected 6.1% cap rate. Ideally located in Parkland, near major employers like Joint Base Lew-McChord, Boeing, and UW Tacoma, Heather Court benefits from strong rental demand.
Property Details
- Exterior FeaturesCable TV, Deck, Dog Run, Fenced-Partially, High Speed Internet
- InteriorWall to Wall Carpet
- Exterior MaterialsMetal/Vinyl, Wood
- Date ListedFebruary 21, 2025
- Lot DescriptionPaved, Sidewalk
- Sewer InformationSewer Connected
- School DistrictFranklin Pierce
- Style56 - 10+ Units
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- Structure TypeMulti Family
- Original List Price$5,800,000
- Property ConditionRemodeled
- SubdivisionParkland
- Taxes Annual$55,585
- MLS #2335254
- Cost5800000
- MLS #2335254
- Acres0.4821
- Utility SourcePublic
- CountyPierce
- Square Feet21600
- Year Built1971
- Stories2
- Days on Market (Cumulative)1
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-02-22 05:05:08. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Coleton Pantley (#NWM146347)
Listing Office: COMPASS (#NWM7912)
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