Property Details

12720 C St S

Tacoma, WA 98444

$5,250,000

Available

CBA# 708223 courtesy of CBA Listing firm: Berkadia Real Estate Advisors, LLC

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Commercial

Property Type

21,600

Bldg Sq Ft

Units

1971

Year Built

Property Overview

Introducing HEATHER COURT, a compelling value-add investment opportunity located at 12712 C St S in Tacoma’s desirable Parkland neighborhood. Priced at $5,250,000, this 32-unit garden-style community, originally built in 1971 and renovated in 2017, offers an attractive blend of stability and upside with a current T-3 cap rate of 5.94% and a projected 6.77% cap rate through light improvements and market rent alignment. The property features a mix of one- and two-bedroom apartments averaging 675 SF, enhanced by modern upgrades including a new roof, updated exterior paint, and refreshed interiors, all contributing to a well-maintained, comfortable living environment. Strategically situated near major employment centers and outside Tacoma’s stricter rental regulations, HEATHER COURT benefits f