Belle Gardens Apartments (Status: Pending)
8810, John Dower Rd, Lakewood, WA 98499
We are pleased to exclusively offer for sale the Belle Gardens Apartments in Lakewood, Washington. The community was built in 1968 and consists of 14 one-bedroom, one-bath units and 10 two-bedroom, one-bath units across three buildings. The property has been well maintained with brand new roofs in 2017, new signage, and a paved and striped parking lot. After spending on average of $6,000 per unit to update flooring, upgrade kitchen and bath countertops, paint and more, the 18 renovated units are achieving an additional $200 per month over the remaining nine unrenovated units. This proven value-add story is prime for the new owner to immediately increase the NOI an additional $14,400 annually.
Asset Class: Multi-Family
Year Built: 1968
Building Total Square Feet: 15324
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information: MF1
Listing Courtesy of: CBRE
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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