Bought with ZNonMember-Office-MLS
$7,750,000
$7,500,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
1902 S Union AVE Tacoma, WA 98405
31,036 SqFt
Key Details
Sold Price $7,750,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 31,036 sqft
Price per Sqft $249
Subdivision Central Tacoma
MLS Listing ID 1790550
Sold Date 10/18/21
Style 56 - 10+ Units
Year Built 1964
Annual Tax Amount $65,264
Lot Size 1.460 Acres
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.
Location
State WA
County Pierce
Area 26 - Central Tacoma
Interior
Fireplace false
Exterior
Exterior Feature Cement/Concrete, Stucco, Wood
Utilities Available Sewer Connected, Electric
View Y/N No
Roof Type Flat,See Remarks
Building
Lot Description Corner Lot, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Tacoma
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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