Introducing Woodbrook - a prime investment opportunity located at 6715-6731 146th St SW, Lakewood, WA 98439. Situated on a sprawling 3.194-acre parcel in Lakewood's sought-after Opportunity Zone, this property offers 10 units spread across five buildings, including charming single-family homes built between 1925 and 1977. The unit mix includes one-, two-, three-, and four-bedroom residences, averaging 796 square feet, catering to a wide range of renters. With the potential for a lucrative 47-unit townhome redevelopment in the MR1 zoning, Woodbrook presents a unique chance to capitalize on the limited supply of rental housing in the area. Located in a flourishing submarket with high occupancy rates and lower rents compared to Seattle, this property is an ideal investment opportunity for those seeking both affordability and quality. Don't miss out on the chance to be a part of the future growth and revitalization of Lakewood while benefiting from significant tax advantages. Acquire Woodbrook today and step into a promising real estate venture. -Diverse Unit Mix: The property features a desirable mix of one-, two-, three-, and four-bedroom units averaging 796 square feet; the units are spread across five buildings, including three single-family homes, appealing to a wide range of renters. -Competitive Pricing: Units are competitively priced below $200,000, with a cost of $251 per rentable square foot, offering excellent value for investors. -Prime Opportunity Zone Redevelopment: Situated on a large 3.194-acre parcel, Woodbrook allows investors to leverage Opportunity Zone tax benefits and has potential for redevelopment into 47 townhome-style units; Woodbrook currently boasts steady rental income and 100% occupancy. -Strong Cap Rate Projections: The property is projected to achieve market and post-renovation cap rates of 6.21% and 6.31%, respectively. -Strategic Location: Located near Tacoma's major employers, retail, and recreational areas, Woodbrook provides residents with quick access to I-5, connecting them to Downtown Tacoma and the Seattle Metro Area. -Variety of Investment Strategies: Investors can explore multiple investment strategies in the future, such as seeking sublot adjustments to sell individual buildings, renovating existing units for higher rents, or maintaining current rentals while permitting the land for redevelopment.