Donna Marshall - Commercial Real Estate Showcase

Donna Marshall Property Listings
Commercial Investment Broker
Capstone Commercial NW
22722 29th Dr SE
Suite 100
Bothell, WA 98021

14619 - 14627 Murray Road SW - S & K Apartments

Tacoma, WA 98439 - Outlying McChord MF Submarket

Property Type:Multi-Family Number of Units:17 Status:Existing Year Built:1977
Stories:2 Building Size:12,900 SF Land Area:1.4 AC (60,984 SF)
For Sale Price:$1,100,000 Price/Unit:$64,705.88 Cap Rate:7.69 % GRM:-

Parking:1.25 Parking Spaces / 1,000 SF

Location Corner: SE
Composition Open(Tandem) Covered(Tandem) Total Condition
Gravel/Dirt: 7(0) 0(0) 7 Poor
Asphault: 13(0) 0(0) 13 Fair

Property Description: Multi Family - 16 Units

Sale Notes:
Market Cap 7.69, S & K Apartments includes 17 Units- 2 Bedroom x 1 Bath and 3 Bedroom x 1 Bath House, 4 Buildings including a three bedroom house(possible onsite manager or owner user home) on two separate tax lots, Value add Opportunity, room to increase rents on most all units, month to month on 95% of tenants, Starting October 1st Utility bill back of $25.00 per unit, per month goes into effect for more income! New roofs on all 4 buildings, Spring 2017 light rail expansion will be completed in Lakewood- 1 block from property. School sits behind building with large play field, large corner lot, privacy and quiet, located on the east side of the I-5 Interstate. 2 minutes off I-5 exit, quick and convenient access numerous retail centers including Lakewood Towne Center, Tacoma Mall, Downtown Tacoma,Clover Lake College Campus, and many other schools. downtown Tacoma can be reached in approximately 15 minutes.minutes to historical Thornwood Castle off Thorne Exit.
Growing area, NO B&O Tax, Lakewood' s position at the junction of I-5, SR-512, and US Hwy 99 coupled with light rail access, make the City a major transportation hub for the lower Puget Sound region. Direct Sounder commuter rail service from Lakewood to Seattle and connections to Everett. Conveniently located halfway between Seattle and Olympia, Lakewood is the host community to Joint Base Lewis-McChord and Camp Murray. Home to several beautiful lakes and wonderful historic treasures such as Fort Steilacoom Park, Lakewold Gardens and Thornewood Castle.Lakewood is just minutes away from Puget Sound and the Port of Tacoma and just a short drive to Sea-Tac International Airport.

Businesses in Lakewood profit from the absence of a local Business and Occupation (B&O) tax, which is imposed by many Washington cities.Apartment vacancy in Pierce County is the lowest since 2009.According to a new report by Apartment Insights of Seattle,vacancy was 3.32 percent in the second quarter. Future job growth over the next ten years is predicted to be 33.00%.

Capstone Commercial NW
Donna Marshall
(425) 422-0954

Kidder Mathews
Dan Swanson
(206) 296-9610

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