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300 Dennis St SW
Tumwater, WA 98501
Country Court · Multifamily Property For Sale
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24 Units
Investment Highlights
- Owned and self-managed since 1981, Country Court is a beautifully-maintained turnkey community in Tumwater, offering its new owner significant upside
- Current rents average 15% below market rate with further premiums of $250 achievable on the four classic units post-renovation
- Strong rental market with 50% of housing units within a one-mile radius renter-occupied
- Historically 100% occupied with zero delinquency, Country Court is 83% renovated with no deferred maintenance
- Option to convert manager’s office to studio rental unit and begin collecting RUBs on the individually-metered units offer add'l revenue opportunities
Property Facts
| No. Units | 24 | Building Size | 11,454 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1980 |
| Building Class | C | Parking Ratio | 3.14/1,000 SF |
| Lot Size | 0.30 AC | ||
| Zoning | MFM | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 11,454 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 3.14/1,000 SF |
| Zoning | MFM |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Microwave
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Carpet
- Deck
- Patio
- Smoke Free
Site Amenities
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,954,100 | |
| Land Assessment | $1,104,800 | Total Assessment | $4,058,900 |
Property Taxes
Parcel Numbers
Land Assessment
$1,104,800
Improvements Assessment
$2,954,100
Total Assessment
$4,058,900
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