White Rock Apartments is a fully renovated 30-unit community in Tacoma, WA, offering modern studio units with high-quality finishes and strong tenant appeal. Renovations completed between 2022 and 2025 include upgraded interiors and exteriors, while community amenities feature laundry facilities, parking, and potential storage income. Tacoma continues to experience strong rental demand, driven by its relative affordability within the Puget Sound region. With high-quality renovations and efficient unit layouts, White Rock is well-positioned to attract tenants seeking modern housing at accessible rents. The property currently offers a 5.85% cap rate, which, paired with attractive interest-only financing options, delivers an estimated cash-on-cash return of 5.83%. Furthermore, investors have the opportunity to grow NOI by approximately 26% through rent adjustments to market levels and minor operational improvements to increase ancillary income. Upon stabilization, projected returns reach an estimated 7.87% (including principal and interest payments)—a rare and compelling offering in today’s market.