9896 Enterprise Ln NW - Apartments FOR SALE


Silverdale, WA 98383- Central Silverdale
$10,500,000 USD
360-789-5060
9896 Enterprise Ln NW, Silverdale, WA for Sale
$10,500,000 USD
Apartments - FOR SALE
1/34
null | 6.01% Cap Rate

9896 Enterprise Ln NW
Silverdale, WA 98383
Central Silverdale


HIGHLIGHTS

  • High-Income Local Demographics
  • 56 Fully Renovated Units
  • In-Unit Washers and Dryers
  • Covered Carport Parking
  • Wood-Burning Fireplaces
  • Private Balconies with Storage

OVERVIEW

Crestwood Apartments is a 63-unit garden-style multifamily asset located in the highly constrained Silverdale submarket. This property offers a proven value-add model with 56 units already fully renovated, leaving 7 classic units for immediate revenue upside upon turnover. The asset features a favorable unit mix of 42 one-bedroom and 21 two-bedroom floorplans and has received significant recent capital expenditures, including luxury vinyl plank flooring, new cabinetry, updated appliance packages, and modern fixtures. It is attractively priced at $166,667 per door, representing a 6.01% Cap Rate. Comprehensive financials, rent rolls, and property condition reports are available in a secure Virtual Deal Room. Access to these documents is strictly controlled, so interested parties and brokers must contact the listing team directly to execute a standard Confidentiality Agreement. Upon NDA approval, a secure, view-only link will be provided for continued underwriting.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

63

PRICE/UNIT

$166,667

CAP RATE

6.01%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crestwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1988

PARKING SPACES

148

LAND DETAILS

LAND ACRES

3.72 AC

LAND SF

162,043 SF

ZONING

RC

APN/PARCEL ID

162501-4-078-2007

ASK ABOUT THIS PROPERTY

Terry WilsonGreene CommercialMore Info
360-789-5060

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Terry WilsonGreene CommercialMore Info
360-789-5060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.