20 Units in Lacey, WA, $335K Equity, $5K/m Rent Upside! -Duplexes

[Cedric Van Duyn]

10 Large Duplexes in a most desirable neighborhood and location in Lacey, WA right on the I5 growth corridor. The tranquil neighborhood is tucked behind a major retail development with Costco, Walmart, Home Depot and a host of other retail, food and service options. With combined Rents currently more than $5,000 under market, this portfolio provides a substantial value-add opportunity, even though the purchase price of $3,220,000 conservatively offers the Buyer an instant equity gain of over $335,000 based on market norms.

The portfolio consists of 6 extra-large Duplexes (12 x 1,400 SF units with 3 Beds & 2 Baths + Bonus Room) and 4 large Duplexes (8 x 1,275 SF units with 2 Beds & 2 Baths + Bonus Room), perfect for families looking for an excellent quality of life close to every conceivable amenity and in proximity to schools. Separate entrances, large interiors, double garages with extra storage space and peaceful neighborhood ensures average tenant retention rate of 5 - 8 years.

Considerable recent Cap Ex improvements and stable Property management of 12+ years in place secures this investment for a passive investor who will only oversee minimal tenant turnovers.

Call, text or email for further information:
Cedric van Duyn
[email protected]
253-777-9078