Prine Villa Townhomes (Status: Pending)
1717, 83rd Ave, Tumwater, WA 98512
The property consists of (32) townhome units built in 1978. All of the units are a two-story 3 bedroom/2bath layout totaling 1,221 square feet. The apartments feature washer and dryer hookups, dishwashers, wood burning fireplaces, and French doors leading to private patios/backyards. The heat source is electric baseboard, and the electric sub panels were all replaced in 2016-2017. The roofs are a pitched 50-year metal material that were completed in 2011. This is value-add opportunity offering an investor a stable in-place cap rate with the option to perform a light rehab to capture a conservative 15-20% upside in rents. The property sits on 16-acres of land across from the newly remodeled George Washington Bush middle school.
Asset Class: Multi-Family
Year Built: 1978
Building Total Square Feet: 38400
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information: MFM
Listing Courtesy of: Westlake Associates, Inc.
Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, DBA North Sound Commercial and should be verified by the buyer, seller, or tenant.
Google Places API is currently unavailable.
You must specify a valid listing location, use street address in the listing title along with city, state & zip/postcode — if not use the optional latitude & longitude field.
- Unfortunately, your request was denied, generally because of lack of an invalid key parameter.