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14601 1st Ave S
Tacoma, WA 98444
Coventry Villas · Multifamily Property For Sale
·
38 Units
EXECUTIVE SUMMARY
Coventry Villas located in the community of Parkland, Washington is a stabilized 38 unit townhome development on 2.08 acres. Completed in the summer of 2022, all units are approximately 1,482 square feet in size with three bedrooms, two and a half baths and a one car attached garage. The location is ideal for commuters with easy access to Hwy’s 512, 167 and Interstate 5. Nearby employers include Joint Base Lewis McCord, Amazon, Franciscan Health, Tesla and Pacific Lutheran College.
Coventry Villas benefits from a competitive advantage to surrounding properties offering tenants larger and newer units
Coventry Villas benefits from a competitive advantage to surrounding properties offering tenants larger and newer units
PROPERTY FACTS
| Price Per Unit | $464,482 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 2.03 AC |
| Cap Rate | 5.70% | Building Size | 75,798 SF |
| No. Units | 38 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 3.26/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | TCTR | ||
| Price Per Unit | $464,482 CAD |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.03 AC |
| Building Size | 75,798 SF |
| No. Stories | 3 |
| Year Built | 2022 |
| Parking Ratio | 3.26/1,000 SF |
| Zoning | TCTR |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wi-Fi
- Double Pane Windows
- Smoke Free
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Picnic Area
- Smoke Free
- Wi-Fi
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 38 | $3,440 CAD | 1,482 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $10,392,862 CAD | |
| Land Assessment | $2,337,604 CAD | Total Assessment | $12,730,465 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,337,604 CAD
Improvements Assessment
$10,392,862 CAD
Total Assessment
$12,730,465 CAD
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