Welcome to a prime investment opportunity in the thriving South Tacoma area, where the demand for multi-family development is high. This ready-to-build project features 98 fully permitted units, addressing the pressing need for housing in the area. Located within an Opportunity Zone, this property presents investors with the advantage of 8 or 12-year tax abatement options, maximizing potential returns. All utilities are already available at the site, streamlining the development process. Future residents will enjoy a range of desirable amenities, including a rooftop lounge, dog run, and secured parking garage. For further details or building plans request, please reach to the listing listing agent. Don't miss the opportunity!
Mls | 2272124 |
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Listing Type | For Sale |
Style | Frmrnch |
Subtype | Resale |
Status | Active |
Days On Site | 132 |
Listing Provided By | Kelly Right RE of Seattle LLC | Ivanna Miakota |
Acreage | 0.37 |
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Property View | Yes |
State | WA |
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County | Pierce |
City | Tacoma |
Zip Code | 98418 |
Area | 54 South Tacoma |
Community Name | Tacoma |
School District | Lincoln High |
Elementary School | Lyon |
Middle School | Stewart |
High School | Lincoln High |
Listing VS Median (in Tacoma) | |
Price: $3,200,000 low | high Med: $494,000 On Site: 132 low | high Med: 136.000000 |