Situated on Plummer Lake, the "Lakeview" apartment community is a one of-a-kind opportunity to own a quality renovated asset in one of the fastest growing markets in the Puget Sound. Offering an in-place 5% CAP Rate, Lakeview provides an incoming investor the ability to complete a value-add project while simultaneously generating cash-flow, a rare find in the PNW region, with potential to reach a 7% or higher cap rate once market operations are achieved. Tenants have access to spacious grounds and ample parking. Historically low vacancy rate with quality long-term tenants. Convenient location, easy access to I-5 and main arterials.
Current Location
