Attractive Purchase Terms: This property presents an attractive investment opportunity priced below $145,000 per unit with favorable seller-financing terms of 25% down at a fixed 5.25% interest-only rate for 5 years.

Year-One Cash Returns: Based on the unrenovated proforma, new ownership is projected to achieve a near 9% cash-on-cash return in year one.

Diversified Unit Mix: The property offers a strong mix of one- and two-bedroom units, averaging 618 square feet, which appeals to a wide range of potential renters.

Opportunity Zone Development: The property consists of two parcels totaling nine acres, providing investors with the ability to expand development with either 14 townhomes or 66 apartment units and leverage Opportunity Zone tax benefits.

Value-Add Opportunity: The property is well-maintained, with light renovations completed during unit turns. This allows new ownership to continue renovations and capitalize on projected market and cost-adjusted renovated cap rates of 6.31% and 6.46%, respectively.

Prime Location: Situated near Tacoma’s largest employers, retail, and recreational hot spots, the property offers quick access to I-5, connecting residents to downtown Tacoma and the Seattle metro area.