Listing Provided Courtesy Of:
Kidder Mathews and NWMLS
Address
166 112th Street Ct Tacoma, WA
Price
$ 5,000,000
Property Attributes
  • ID#1730648
  • TypePending
  • CountyPIERCE
  • CityTacoma
  • AreaParkland
  • NeighborhoodParkland
  • Zip98445
  • Style10+ Units
  • Year Built1988
  • Taxes$ 45219
  • 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
AVG $480K
$5M
Taxes
AVG $4,543
$45,219
Visits
AVG 82
146
Year Built
AVG 1980
1988
Walkscore
AVG 22
65
Data Provided by Walkscore ® not using MLS data

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