8814-8815 Lochburn Ln | Lakewood, WA 98499
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8814-8815 Lochburn Ln
Lakewood, WA 98499
Lochburn Lane Apartments · Build-to-Rent Property For Sale
·
18 Units
INVESTMENT HIGHLIGHTS
- Renovated Asset With Upside Through Stabilization of Rents
- 8 Unit & 10 Unit Adjacent Buildings on Separate Parcels
- Priced at 6.39% Current Cap Rate
- Attractive Financing Options With I/O Generating 7.15%+ COC Return on Current
PROPERTY FACTS
| No. Units | 18 | Total Plot Size | 0.50 ac |
| Property Type | Build-to-Rent | Property Size | 10,504 sq ft |
| Property Subtype | Apartment | No. Floors | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1950/2024 |
| Costar Property Class | C | Parking Allocation | 1.05/1,000 sq ft |
| Use Class | RM, Tacoma | ||
| No. Units | 18 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.50 ac |
| Property Size | 10,504 sq ft |
| No. Floors | 1 |
| Year Built/Renovated | 1950/2024 |
| Parking Allocation | 1.05/1,000 sq ft |
| Use Class | RM, Tacoma |
AMENITIES
UNIT AMENITIES
- Fireplace
- Heating
- Kitchen
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 15 | £987.50 | 528 |
| 2+1 | 3 | £1,124 | 800 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £1,002,849 | |
| Land Assessment | £755,823 | Total Assessment | £1,758,671 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£755,823
Improvements Assessment
£1,002,849
Total Assessment
£1,758,671
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