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8814-8815 Lochburn Ln
Lakewood, WA 98499
Lochburn Lane Apartments · Multifamily 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 | Lot Size | 0.50 AC |
| Property Type | Multifamily | Building Size | 10,504 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1950/2024 |
| Building Class | C | Parking Ratio | 1.05/1,000 SF |
| Zoning | RM, Tacoma | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 10,504 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2024 |
| Parking Ratio | 1.05/1,000 SF |
| Zoning | RM, Tacoma |
Amenities
Unit Amenities
- Fireplace
- Heating
- Kitchen
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | $987.50 | 528 |
| 2+1 | 3 | $1,124 | 800 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,353,500 | |
| Land Assessment | $1,020,100 | Total Assessment | $2,373,600 |
Property Taxes
Parcel Numbers
Land Assessment
$1,020,100
Improvements Assessment
$1,353,500
Total Assessment
$2,373,600
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