The Lookout
612 South 18th Street
Tacoma,
WA 98405
10 Units
Property Summary
| Price | $2,700,000 |
| Price Per Unit | $270,000 |
| Units | 10 |
| Year Renovated | 2022 |
Investment Highlights
- 7%+ Cap Rate on Current In-Place Income
- Fully Renovated in 2022 – Exterior, Common Areas and All Units
- Master Leased –All Rent Revenue Guaranteed Through End of 2025 with Options to Extend
- Walking Distance to St. Joseph Medical Center (3 minute walk) and UW Tacoma (6 minute walk)
Property Description
THE MOGHAREBI GROUP is pleased to present the opportunity to acquire The Lookout, a 10-unit multifamily community located in Tacoma, Washington. The property was fully renovated in 2022 with improvements to the exterior, common areas, and all units.
612 South 18th Street
Tacoma, WA 98405
Tacoma, WA 98405
The Lookout is conveniently located within walking distance to St. Joseph Medical Center (three-minute walk) and UW Tacoma (six-minute walk).
Listing Advisors
Robert Parmar
Ryan Kidwell