$3,200,000
For Sale

3718 Pacific Avenue

Tacoma, WA 98418
Listing OfficeKelly Right RE of Seattle LLC
Browse 6 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Welcome to a prime investment opportunity in the thriving South Tacoma area, where the demand for multi-family development is high. This ready-to-build project features 98 fully permitted units, addressing the pressing need for housing in the area. Located within an Opportunity Zone, this property presents investors with the advantage of 8 or 12-year tax abatement options, maximizing potential returns. All utilities are already available at the site, streamlining the development process. Future residents will enjoy a range of desirable amenities, including a rooftop lounge, dog run, and secured parking garage. For further details or building plans request, please reach to the listing listing agent. Don't miss the opportunity!

  • Property Details
      • Utility FeaturesElectricity Connected, Natural Gas Available
      • ViewMountain(s), Partial, Sound
      • Style42 - Multi-Family
      • Date ListedAugust 01, 2024
      • High SchoolLincoln High
      • Structure TypeMulti Family
      • Utility SourceOn Property
      • Original List Price$3,200,000
      • Sewer InformationAvailable
      • Property TypePurchase
      • Middle SchoolStewart
      • MLS #2272124
      • Cost3200000
      • MLS #2272124
      • Acres0.3676
      • SubdivisionTacoma
      • School DistrictTacoma
      • CountyPierce
      • Taxes Annual$6,839
      • Elementary SchoolLyon
      • Property SubtypeLand
      • Days on Market (Cumulative)143
Demetra Apostolou
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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