79 Unit Apartment Bldg. 7.8% Cap Rate. Assume Fixed rate loan 3.75%. 100% occupied. Long term tenants. On-site property manager and maintenance person. New roof & windows. Adding new curbs, decking and paint soon. Turnkey. Appreciating area of growth. 2 One story bldgs and 6 Two story bldgs. 113 parking spots. Large green space/gardens for tenants – could be used to build recreation area or larger laundry area for improvements. 2.9 acres of land, irrigation system, next to shopping, Lakewood Mall, I-5 and schools.
- County Pierce
- Number of Units 79
- Lot Square Footage 126, 800
- Zoning Code Multi-Family
- Units 56 -10+
- Stories 2
- Exterior Wood
- Maintenance Person
- Near Freeway
- Near Schools
- Near Shopping
- New Curbs
- New Roof
- New Windows
- Property Manager
