Properties For Sale
Tacoma 4-Unit Upper Park
The Upper Park Four unit was listed and sold to an all-cash, 1031 exchange buyer. It was very well-maintained by the previous owner with clean units, updated windows, new siding, newer asphalt and striping in the parking lot.
The Tacoma market is ablaze with value-add and stabilized 4-unit properties in similar neighborhoods. Throughout the listing process we received 7 offers before landing on the right buyer. Rent comps for renovated units in the area are roughly $1,400 bringing the market cap rate to 7.4%.
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