5612-5620 23rd St E | Fife, WA 98424
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5612-5620 23rd St E
Fife, WA 98424
The Landing Apartments · Multifamily Property For Sale
·
42 Units
INVESTMENT HIGHLIGHTS
- High Quality Renovated Asset
- Over 7.25% Current COC Return
- Current Cap Rate Above 6.2%
- Operational Upside to Achieve Nearly 9% COC Return
PROPERTY FACTS
| No. Units | 42 | Building Size | 29,007 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1976/2022 |
| Building Class | C | Parking Ratio | 1.65/1,000 SF |
| Lot Size | 2.09 AC | ||
| Zoning | SINGLE FAM | ||
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.09 AC |
| Building Size | 29,007 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2022 |
| Parking Ratio | 1.65/1,000 SF |
| Zoning | SINGLE FAM |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Patio
- Window Coverings
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 23 | $1,600 | 572 - 634 |
| 2+1 | 19 | $1,800 | 784 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $6,530,400 | |
| Land Assessment | $2,039,900 | Total Assessment | $8,570,300 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,039,900
Improvements Assessment
$6,530,400
Total Assessment
$8,570,300
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