Land Entitled for Apartments next to University
Location...2 acres located in the heart of Pacific Lutheran University in Western Washington. The land is entitled for a single 148-unit apartment building. Unit mix of 66 studios, 74 one bedrooms, and 8 two bedroom units. If interested in more Infromation please respond to listing.
Projected Financials:
NOI: $2.47M
CAP RATE: 4.80%
FUTURE VALUE OF BUILT ASSET: $52M
Financials (USD)
Asking Price $5,585,900
Property Details
Street Address 648 125th Street South
Parcel Size 2.00 Acres
Zoning Towne Center
Property Uses Multifamily
Utilities Sewer/Water/Power
Deal Terms
Who is Listing the Property? Owner
Seller Financing Available? Available On Request
Seller Willing To Lease? No
Broker Co-Op? Available On Request
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