Grande Terrace is a well-maintained 20-unit multi-family investment consisting of five 4-unit complexes with 2-bed/1-bath floor plans. This property is fully occupied with a stable tenant base and strong cash flow. The property is in excellent condition with recently replaced water tanks and heaters, no outstanding maintenance issues, and minimal owner responsibilities since tenants cover all utilities. This is an ideal turnkey investment for investors seeking passive income and reliable returns in the Tacoma market.
| MLS # | 2495107 |
|---|---|
| Listing Type | For Sale |
| Building Name | Grand Terrace |
| Sub-Type | Resale |
| Status | Active |
| Year | 1981 |
| Days On Site | 161 |
| Listing Provided By | VPMG Property Management | Avenir Gedarevich |
| SQ Feet | 18,000 |
|---|---|
| Garage | 20 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 20 |
| Zoning | Multi-Family |
| Acreage | 1.45 |
| Property View | Yes |
| Property | 49534 |
|---|
| State | WA |
|---|---|
| County | Pierce |
| City | Tacoma |
| Zip Code | 98467 |
| Area | 45 South Tacoma |
| Community Name | Manitou |
| School District | Mt Tahoma |
| Elementary School | Manitou Park |
| High School | Mt Tahoma |
| Listing VS Median (in Manitou) | |
Price: $5,500,000 low | high Med: $417,000 sqft: 18,000 low | high Med: 1,260 $ / sqft: $306 low | high Med: $334 On site: 161 low | high Med: 71 | |
| State | WA |
|---|---|
| County | Pierce |
| City | Tacoma |
| Zip Code | 98467 |
| Area | 45 South Tacoma |
| Community Name | Manitou |
| School District | Mt Tahoma |
| Elementary School | Manitou Park |
| High School | Mt Tahoma |
| Listing VS Median (in Manitou) | |
Price: $5,500,000 low | high Med: $417,000 sqft: 18,000 low | high Med: 1,260 $ / sqft: $306 low | high Med: $334 On site: 161 low | high Med: 71 | |