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.

Listing Details

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

CBA

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.

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