Washington South Apts. is a value-add turn-key community comprised of five 2-Bdrm & one 1-Bdrm units & coin-operated laundry. Currently, under-performing at a 7.0% cap rate, rents can be increased by an average of 13.59%. New windows, exterior paint and full unit remodels were done. All units have oversized decks or patios with unobstructed views of Mt. Rainier. Off-street parking for each unit. Centrally located w/in the downtown corridor of Eatonville offering short walking to grocery, restaurants, & parks. Make 1 or 2 units into Airbnb units for further income increases. Excess land can support an additional 2 to 4 units. Oversized bathrooms allow for possible addition of W/Ds to units. ATTACHED MARKETING PACKAGE IN SUPPLEMENTS.
Current Location
