4120 109th Street Southwest

Tacoma, WA 98499

$2,500,000
Price
1
Beds
1
Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

The Malibu Apartments is a Turn-Key asset with in place 5.89% Cap Rate with moderate upside. Malibu is comprised of 14 residential units, all 1 bed/1 bath and approximately 520 SF. 2 buildings, consisting of 8 units and 6 units respectively. The 8-unit building saw a studs out remodel in 2023. All 14 units are turn key. Washer/Dryer in each unit and plenty of on-site parking.The Malibu Apartments is a Turn-Key asset with in place 5.89% Cap Rate with moderate upside. Malibu is comprised of 14 residential units, all 1 bed/1 bath and approximately 520 SF. 2 buildings, consisting of 8 units and 6 units respectively. The 8-unit building saw a studs out remodel in 2023. All 14 units are turn key. Washer/Dryer in each unit and plenty of on-site parking.
  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
10-15-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 11/13/2024 10:46 AM

Property Details for 4120 109th Street Southwest

StatusActive
MLS #2302122
Days on Market71
Cumulative Days on Market170
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

Stories2Residences1Year 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
  • Directions: Best to use Navigation.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
  • Additional Tax Ids: 6075000120
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
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, Wood Products
  • Roof: Composition
Property
Utilities
  • Water/Sewer/Garbage: 20343
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 8
Lot Information
  • Lot Size Source: County
  • Parcel Number Free Text: 6075000120
  • Calculated Square Footage: 0
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 2
  • Vacancy Rate: 4
  • Number Of Units Total: 1
  • Units Below Grade: false
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 87800
  • Gross Adjusted Income: 234971
  • Gross Rent Multiplier: 10.2
  • Gross Scheduled Income: $244,761
  • Insurance Expense: $18,024
  • Net Operating Income: $147,171
  • Other Expenses: $32,419
  • Total Monthly Income: 20397
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1-14
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 520
  • Rent Unit 1: $1,290.00
  • Bedrooms Unit 1: 1
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
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 October 15, 2024 by Urban Commercial Partners, LLC, it's currently listed at $2,500,000. 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 1-bed, 1-bath, 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.