4120 109th Street Southwest

Tacoma, WA 98499

$2,999,000
Price
Beds
7,280 Sq. Ft.
$412 / Sq. Ft.
7,280
Sq. Ft.
$412
per Sq. Ft.

Description

We are pleased to present the Malibu Apartments, a fully renovated 14-unit apartment complex in Tacoma's Lakewood submarket. Malibu features 2 separate buildings. The 8-Unit building was remodeled down to the studs in 2023 and features brand new electrical, plumbing, flooring, cabinets, counters, appliances and fixtures. The 6-Unit building was built in 1979 and all units have recently been remodeled. Malibu is a true turn-key opportunity with high historic occupancy.We are pleased to present the Malibu Apartments, a fully renovated 14-unit apartment complex in Tacoma's Lakewood submarket. Malibu features 2 separate buildings. The 8-Unit building was remodeled down to the studs in 2023 and features brand new electrical, plumbing, flooring, cabinets, counters, appliances and fixtures. The 6-Unit building was built in 1979 and all units have recently been remodeled. Malibu is a true turn-key opportunity with high historic occupancy.
  1. Listed by Pat Suarez • Urban Commercial Partners, LLC

Property Details for 4120 109th Street Southwest

Community Name
Lakewood
School District
Lakewood
Number of Assigned Spaces
14
Total Covered Parking
0
Entry Date
06-25-2024
Energy Source
Electric
Sewer
Available
LISTING UPDATED: 09/05/2024 05:49 AM

Property Details for 4120 109th Street Southwest

StatusActive
MLS #2256920
Days on Market74
Cumulative Days on Market23
Taxes$17,014 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1979
Lot Size0.50 AC / 21,800 SF
CountyPierce County

Building Information for 4120 109th Street Southwest

Stories2Residences2Year Built1979Building Size-Lot Size0.50 AC / 21,800 SF

Property Information for 4120 109th Street Southwest

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 36 - Lakewood
  • Effective Year Built Source: See Remarks
  • Directions: From I-5 take Exit 127 and head West. Left on Pacific Hwy. Right on Montgrove Dr. Left on 109th St. SW.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
  • Additional Tax Ids: 6075000130
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 14.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Forced Air
Exterior Features
  • Exterior: Wood Products
  • Roof: Composition
Property
Utilities
  • Water/Sewer/Garbage: 17932
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • MLS Square Footage Source: County
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2023
  • Photos Count: 11
Lot Information
  • Lot Size Source: County
  • Parcel Number Free Text: 6075000120
  • Building Condition: Good
  • Calculated Square Footage: 7280
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 7280.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 14
  • Number of Stories in Building: 2
  • Vacancy Rate: 4
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 14
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 82633
  • Gross Adjusted Income: 227827
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: $237,320
  • Insurance Expense: $15,524
  • Net Operating Income: $145,194
  • Other Expenses: $32,163
  • Total Monthly Income: 19777
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 7280.0
  • Leasable Area Units: Square Feet

Property History for 4120 109th Street Southwest

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4120 109th Street Southwest

Taxable ValueLand$551,700Additions$416,500Total$968,200
Tax Record2024$10,411 ($868 / month)
Home Facts
Total Finished SqFt4,160 SqFtAbove Ground SqFt4,160 SqFtStories2Lot Size9,800 SqFtStyleMulti-Family Res (5+ Units)Year Built1979Year Renovated2020ZoningTOCCountyPIERCEAPN6075000120

Schools near 4120 109th Street Southwest

This home is within Clover Park School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lakeview Hope Academy
PublicPK to 5

Lochburn Middle School
Public6 to 8

Clover Park High School
Public9 to 12

CPSD Open Doors Program
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4120 109th Street Southwest is a multi-family home for sale in Tacoma, WA 98499. This property was listed for sale on June 25, 2024 by Urban Commercial Partners, LLC, it's currently listed at $2,999,000. This listing's school district is Clover Park School District. Nearby schools include Lakeview Hope Academy, Lochburn Middle School and Clover Park High School. 4120 109th Street Southwest is a 0-bed, 0-bath, 7,280 sqft multi-family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Urban Commercial Partners, LLC

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.