Granada Apartments

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Under Contract

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Site Details

Address

1224 S Yakima Ave

Neighborhood

Tacoma

Total Units

32 Units

Year Built

1924

Parcel No.

2012160080

Laundry

On-Site

Unit Mix

Studio

10 Units

Studio Large

15 Units

1X1

7 Units

Opportunity

Kidder Mathews is pleased to have the exclusive listing for the Midtown 15 and Granada apartments – a fully stabilized two-property offering located in Tacoma, WA.

Totaling 100 units with excellent proximity to each other, Midtown and Granada represent quintessential Tacoma. Conveniently located nearby brand-new local transit, schools and rapidly expanding job opportunities – both properties are well positioned to benefit from Tacoma’s continued economic growth, net positive population growth and lack of comparable supply. Both Midtown and the Granada support a diversified unit mix, updated property systems and well-maintained grounds. These two investment opportunities have recently undergone a complete reposition program that includes full interior and exterior remodel work on 100% of the units. Investors can find immense value in this offering in purchasing well below replacement cost, turnkey products providing consistent and predictable returns, as well as extremely limited capital expenditure for years to come. Ownership will sell as joint purchase, or to individual investors.

View the full offering website here