908 S 5th Street, Tacoma, WA, 98405

The Park 5 apartments are a well-located 6-unit apartment building constructed in 1910, offering investors a compelling value-add opportunity in one of Tacoma’s most desirable and historically stable submarkets.Significant recent capital improvements have already been completed, substantially reducing new ownerships near-term maintenance risk.Recent upgrades include brand new exterior siding and paint, along with a new roof and new windows, positioning the asset with strong curb appeal and durable long-term appreciation.These improvements allow a new owner to focus capital and effort on interior enhancements rather than major structural or exterior work.The interiors remain in largely original condition, presenting a clear path for modernization through updated finishes and fixtures.Park5 offers meaningful upside potential through a strategic renovation program aimed at driving rental growth...See More