101 S 161st Street (Status: Available)
101, 161st St, Spanaway, WA 98387
The 161st Apartments are located in the path of progress of rent growth in Pierce county. As gentrification prices tenants out of the urban centers of Pierce county, increased demand for affordable house will push tenant to this market to further push rents and provide great upside to this well placed value-add property.
With nearly half of the property already renovated, the 161st Apartments offers an investor the opportunity to push NOI by implementing a utility bill back and renovating the remaining units. Sitting on nearly two acres, the 161st Apartments could provide a land cover for a long-term investor who wishes to benefit from future density increases.
Asset Class: Multi-Family
Year Built: 1977
Building Total Square Feet: 12180
Available Lease Space Square Feet:
Number of Floors: 1
Total Parking Spaces: 0
Local Zoning Information: MSF
Listing Courtesy of: Westlake Associates, Inc.
Disclaimer: The information contained in this listing has not been verified by North Sound Commercial, a division of Pacific Continental Realty, LLC and should be verified by the buyer, seller, or tenant.
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