3335 Martin Way E - Apartments FOR SALE
Olympia, WA 98506 |
3335 Martin Way E
Olympia, WA 98506
HIGHLIGHTS
- In place Multifamily Tax Exemption through 2032 with an option to extend, greatly reducing the tax load on the asset.
- Proposed 5% debt with two years of interest only through Olympic Federal Savings.
- 2020 construction with large two and three-bedroom units averaging 894 square feet.
- Amenity rich community featuring a playground, basketball court, community lounge, full size washer and dryer, stainless-steel appliances.
- The convenient location provides residents easy access to major throughfares and downtown Olympia.
- New construction asset priced well below replacement cost.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Merritt Manor
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
82904
STORIES
4
YEAR BUILT
2020
PARKING SPACES
103
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
41700100000
