5226 Chicago Avenue Lakewood, WA 98499 – The Grand Cedars Apartments

The Grand Cedars Apartments (Status: Pending) 4000000

5226, Chicago Avenue, Lakewood, WA  98499

Introducing Grand Cedars Apartments—a standout turnkey investment opportunity in Lakewood’s Springbrook neighborhood. This 29-unit apartment community is priced at $137,931 per unit, offering a strong in-place Cap Rate of 6.65% and compelling year-one cash flow. Investors can maximize returns by bringing all units up to market rents, unlocking additional revenue potential.Each unit has been expertly upgraded with new countertops, flooring, cabinets, water heaters, and appliances, providing modern, high-quality living spaces that attract and retain tenants.For investors seeking a low-maintenance asset with strong returns, Grand Cedars Apartments presents an exceptional opportunity. Competitively priced below similarly renovated sale comparables, this high-performing property offers both

Listing Details

Asset Class: Multi-Family
Year Built: 1969
Building Total Square Feet: 18496
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 40
Local Zoning Information: MF1

Listing Courtesy of: Urban Commercial Partners, LLC

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.