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    1902 S Union Avenue

    Tacoma, WA 98405
    • $7,500,000
    • STATUS: Pending
    • ON SITE: 54 days
    • ID#: 1790550
    Under Contract
    UPDATED: 20 min ago
    $7,500,000
    • 0
      BEDS
    • 1.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Windermere Real Estate Co..

    Description

    The Unionaire is a 47 unit apartment building in an excellent central Tacoma location with great access to public transit and HWY 16. Nearby amenities include shopping, grocery, restaurants, greenbelt, Cheney Stadium and a golf course. 4 studios, 34 1 bed/1bath and 9 2 bed/1 bath with the space to likely add a significant 2 bed/1 bath unit with fireplace. All units have patios or decks. A new TPO roof with 20 year warranty was installed in 2021 for $200K. Dual pane vinyl windows, copper plumbing, new video security system and new privacy fencing. 43 parking spots. 3 units recently upgraded establishing new rents with potential to significantly increase revenue and cash flow. Large CCX zoned lot has potential for 200+ apartment building.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Front Street Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-05T13:15:14.173.

    www.frontstreetrealty.com/homes/118164415
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    1902 S Union Avenue Tacoma, WA 98405

    • Price: $7,500,000
    • Status: Pending
    • Updated: 20 min ago
    • ID#: 1790550
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.46
    Acres
    1964
    Built
    Neighborhood:
    Central Tacoma
    County:
    Pierce
    Area:
    Central Tacoma
    School District:
    Tacoma
    Property Description
    The Unionaire is a 47 unit apartment building in an excellent central Tacoma location with great access to public transit and HWY 16. Nearby amenities include shopping, grocery, restaurants, greenbelt, Cheney Stadium and a golf course. 4 studios, 34 1 bed/1bath and 9 2 bed/1 bath with the space to likely add a significant 2 bed/1 bath unit with fireplace. All units have patios or decks. A new TPO roof with 20 year warranty was installed in 2021 for $200K. Dual pane vinyl windows, copper plumbing, new video security system and new privacy fencing. 43 parking spots. 3 units recently upgraded establishing new rents with potential to significantly increase revenue and cash flow. Large CCX zoned lot has potential for 200+ apartment building.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Cement/ConcreteStuccoWood Lot Features Corner LotCurbsPavedSidewalk Open Parking Spaces 43 Open Parking YN Yes Parking Total 43 Parking Uncovered Spaces 43 Roof FlatSee Remarks Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

    Interior Features

    Fireplace YN No Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

    Property Features

    Building Name Unionaire Apartments Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 520680 Insurance Expense 13587 Irrigation Water Rights YN No Leased Items None Listing Terms Cash Out Net Operating Income 251891 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 65264 Tax Year 2021 Total Expenses 250439 Units In Building Total 47 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 49194 Water Source Public Zoning Class Multi-Family Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Front Street Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Front Street Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-05T13:15:14.173.

     
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    Front Street Realty
    22 NW Front Street Suite B
    Coupeville WA, 98239
    Listing Courtesy of Windermere Real Estate Co..