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Grange St Duplexes 7519 Grange St W 16 Unit Apartment Building $4,800,000 ($300,000/Unit) Lakewood, WA 98499
INVESTMENT HIGHLIGHTS
- Brand new 2025!
EXECUTIVE SUMMARY
Birds Mill is a brand-new 16-unit duplex-style community in Lakewood’s desirable Dower neighborhood, blending modern architecture with warm, livable interiors. Featuring eight one-bedroom ground floor units and eight two-bedroom townhome style. Each residence offers open layouts, high ceilings, quartz countertops, in-unit laundry & stainless steel appliances! The property features a lush courtyard, vibrant playground, and colorful benches. There are 26 parking stalls and easy access to shopping, I-5, JBLM and Lakewood Towne Center. There are local parks and nearby schools, which make this property an exceptional investment opportunity, in a high-demand rental market. The quality of construction is excellent! Seller is starting to lease up!
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $4,800,000 | Building Class | B |
| Price Per Unit | $300,000 | Lot Size | 0.51 AC |
| Sale Type | Investment | Construction Status | Under Construction |
| No. Units | 16 | Building Size | 20,000 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2025 |
| Apartment Style | Townhome |
| Price | $4,800,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.51 AC |
| Construction Status | Under Construction |
| Building Size | 20,000 SF |
| No. Stories | 2 |
| Year Built | 2025 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,395 | - |
| 2+2 | 8 | $2,195 | - |
1 1
PROPERTY TAXES
| Parcel Number | 390500-0270 | Improvements Assessment | $500 |
| Land Assessment | $344,200 | Total Assessment | $344,700 |
PROPERTY TAXES
Parcel Number
390500-0270
Land Assessment
$344,200
Improvements Assessment
$500
Total Assessment
$344,700
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Grange St Duplexes | 7519 Grange St W
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