Provided by NWMLS, Listed by COMPASS
Active
12712 -12720 C Street S, -1935
Tacoma WA, 98444
$5,800,000
$268.52 per sqft
Active
21,600 sqft
Multi-family
Built in 1971
Heather Court is a well-maintained, value-add investment opportunity offering strong growth potential and reliable returns. This 32-unit property, built in 1971 and renovated in 2017, blends modern upgrades with classic charm, featuring spacious one- and two-bedroom apartments averaging 675 SF. Recent improvements, including a new roof, updated exterior, and interior enhancements like hardwood floors and refreshed cabinetry, attract high-quality tenants and support rental income growth. With light upgrades, rents can be increased by 6.5%, achieving a projected 6.1% cap rate. Ideally located in Parkland, near major employers like Joint Base Lew-McChord, Boeing, and UW Tacoma, Heather Court benefits from strong rental demand.
2335254
MLSⓇ ID
February 21, 2025
Listed
February 22, 2025
Updated
Interior Features
Total Stories
2
Interior Features
Wall to Wall Carpet
Floor Description
Vinyl Plank, Carpet
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Baseboard, Forced Air
Exterior/Building Features
Lot Size
0.48 Acres
Exterior Features
Metal/Vinyl, Wood
Lot Features
Paved, Sidewalk
Roof
Composition
Sewer
Sewer Connected
Security
Fully Fenced
School Information
School District
Franklin Pierce
Other Property Details
Area Name
69 - Parkland
Taxes
$55,585
Tax Frequency
Annually
Garage
No
Parking Total
56
View
No
County
Pierce
Water Source
Public
Pool
No
The IDX display presents information sourced from the Northwest Multiple Listing Service as of 2/23/2025. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 2/23/2025 at 1:00 AM UTC . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Data last updated on 2/23/2025 at 1:00 AM UTC
Compass