MLS #2335254 / Listing provided by NWMLS .
$5,800,000
12712 -12720 C Street S
Tacoma,
WA
98444
Sq Ft
Per Sq Ft
Year Built
Heather Court is a well-maintained, value-add investment opportunity offering strong growth potential and reliable returns. This 32-unit property, built in 1971 and renovated in 2017, blends modern upgrades with classic charm, featuring spacious one- and two-bedroom apartments averaging 675 SF. Recent improvements, including a new roof, updated exterior, and interior enhancements like hardwood floors and refreshed cabinetry, attract high-quality tenants and support rental income growth. With light upgrades, rents can be increased by 6.5%, achieving a projected 6.1% cap rate. Ideally located in Parkland, near major employers like Joint Base Lew-McChord, Boeing, and UW Tacoma, Heather Court benefits from strong rental demand.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
- Possible Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Parking Total: 56
- Uncovered Parking Spaces: 56
- Open Parking Spaces: 56
Structure
- Roof: Composition
- Exterior Features: Metal/Vinyl, Wood
Lot Details
- Lot Features: Paved, Sidewalk
- Acres: 0.4821
Schools
- High School District: Franklin Pierce
Lot Details
- Lot Features: Paved, Sidewalk
- Acres: 0.4821
Power
- Energy Source: Electric
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water Source: Public
- Water, Sewer, and Garbage: 19600
Robert Wiles
Broker | REALTOR®
Send Robert Wiles an email