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Listed by Northmarq Commercial, LLC
$11,750,000
Est. payment /mo
54 Beds
51 Baths
1.36 Acres Lot
Active
10240 Bridgeport WAY SW Lakewood, WA 98499
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Clover Park
MLS Listing ID 2349285
Style 56 - 10+ Units
Bedrooms 54
Year Built 2005
Annual Tax Amount $92,705
Lot Size 1.362 Acres
Property Sub-Type Multi-Family
Property Description
We are pleased to present Town Centre Village, a premier investment opportunity in Lakewood, WA. This offering includes 2 well-maintained buildings: a 41,072SF mixed-use property comprising 33 residential units and 9 commercial spaces with frontage along Bridgeport Way, and a 6,932SF 4-Plex featuring 2 & 3 bedroom units. Ample parking is offered, including 40 surface spaces, 31 gated spaces, and 16 gated and covered spaces. With the potential to increase rental income by approximately 11% through minor renovations and rent adjustments to market rates, Town Centre Village presents a compelling value-add opportunity. The commercial component is currently 83% occupied, with the majority of tenants secured under long-term NNN leases.
Location
State WA
County Pierce
Area 40 - Lakewood
Interior
Flooring Vinyl Plank
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type Flat
Building
Lot Description Corner Lot, Paved, Sidewalk
Sewer Septic Tank, Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Tyee Park Elem
Middle Schools Lochburn Mid
High Schools Clover Park High
School District Clover Park
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.