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12712 C St S Tacoma, WA 98444

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32-unit apartment complex in Tacoma's Parkland neighborhood.

Property size:
20,996 SF
Lot size:
0.96 Acres

Property Features for 12712 C St S

General Information

Standard status
Active
Zoning
UCOR
Size
20,996 SF
Lot size
0.96 Acres

Building Details

Year built
1971

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Listing Contact
Chad Blenz
Chad Blenz
Source: Crexi

Listing Agency: Berkadia Listing Agent: Chad Blenz

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Heather Court Multifamily Investment Opportunity

Heather Court presents a value-add investment opportunity located at 12712 C St S in Tacoma’s Parkland neighborhood. The property features a 32-unit garden-style community, originally built in 1971 and renovated in 2017. The property is priced at $5,250,000. The community offers a mix of one- and two-bedroom apartments averaging 675 SF. Modern upgrades include a new roof, updated exterior paint, and refreshed interiors. The property has a current T-3 cap rate of 5.94% and a projected 6.77% cap rate through light improvements and market rent alignment. Heather Court benefits from sustained renter demand and the ability to further optimize income. The property is near major employment centers and outside Tacoma’s stricter rental regulations. The property size is 20996 SF.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Tacoma
County
Pierce
State
Washington
Longitude
-122.43773
Latitude
47.141384

FAQs

What type of property is this?
Apartment building - 32-unit apartment complex in Tacoma's Parkland neighborhood.
Where is this apartment building located?
The property is located at 12712 C St S Tacoma, WA.
What are key features of this property?
This property features: - Value-add investment opportunity with a projected 6.77% cap rate through light improvements.; - Located in Tacoma’s desirable Parkland neighborhood, benefiting from sustained renter demand.; - 32-unit garden-style community renovated in 2017.
More about this property
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