This meticulously maintained 5 building, 57-unit apartment/townhouse complex has an outstanding 21+ year rental history. Unique expansion opportunity! Land is zoned for 27 additional units. New roofs, siding, and exterior paint in last 3 years; new double pane windows. All units beautifully remodeled (countertops, cabinet faces, flooring, fixtures) with upgraded appliances (full size washer/dryer in each unit). Conveniently located in a high demand area 1 mile from Western Washington University; 2 minutes from I-5, Historic Fairhaven, excellent shopping; and next to Joe’s Garden. All units have 2 bedrooms (53-850 sq ft units; 4-1059 sq ft units; 4-ADA features; with 1-3/4 bath (32 apartments), 1-1/2 bath (21 townhouses), 1 large bath (4 apartments). Excellent income producing property, CAP rate 4.2% (pro forma).