4106 Madrona Dr SE - Apartments FOR SALE
Port Orchard, WA 98366 |
4106 Madrona Dr SE
Port Orchard, WA 98366
HIGHLIGHTS
- Extensively renovated multifamily community in tranquil Port Orchard, WA
- Property feature spacious one- and two-bed units with townhome-style options; 82% of apartments feature in-unit washers and dryers
- 70% of all units have been renovated and are achieving premiums as high as $415 (over in-place rent for classic units)
- Proven success in rent increases for classic units upon renewal; classic two-bed units achieving up to 42% higher rates
- Exterior and common area renovations 100% complete and include new wood decks, siding, windows, and overlay across parking lots
- Robust renter pool within five-mile radius (36% of population, compared to 29% metrowide)
FOR SALE DETAILS
PRICE
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# OF UNITS
-
CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Timber Run
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
43998
STORIES
2
YEAR BUILT
1972
PARKING SPACES
60
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
4609-000-002-03-02
