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3413 College St SE
Lacey, WA 98503 Eastside

$1,200,000 USD

Apartments For Sale • 5,450 SF

Property Details

Property Type Apartments
Total Building Size 5,450 SF
Building Class C
Year Built 1966
Zoning MD

30 Transit Score

34 Walk Score

                
                    Highlights
                
                                Value Add Opportunity - Ability to capture significant rental upside through minor renovations
                            
                                Strong Rental Market - 50% of worker in Thurston are commuters to Seattle-Tacoma metro area
                            
                                Attractive In-Place and Pro-Forma Cap Rate - In-place 6.01% cap and pro-forma 7.22% cap
                            
                                Strong Unit Mix - Two-bedroom and townhome units caters to Lacey demographic
                            
                                Rental Upside - Comparable rents allow for 11% increase for current in-place rents
                            
                                Excellent Proximity to Major Employers: 11 minutes to Downtown Olympia 	20 minutes to Joint Base Lewis-McChord 	20 minutes to Madigan Army Medical Cen

Public Transportation

Commuter Rail	Drive	Walk	Distance
Olympia-Lacey Amtrak Station (Amtrak Cascades - Amtrak, Coast Starlight - Amtrak)	7 min	-	2.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	Covered
Included in Rent:	Yes

Aimon Heffernan 206-826-5700 Marcus & Millichap

3413 College St SE Lacey, WA 98503 Eastside

$1,200,000 USD

Property Details

Highlights

Public Transportation

Parking Details

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3413 College St SE
Lacey, WA 98503 Eastside