The Malibu Apartments is a Turn-Key asset with in place 5.89% Cap Rate with moderate upside. Malibu is comprised of 14 residential units, all 1 bed/1 bath and approximately 520 SF. 2 buildings, consisting of 8 units and 6 units respectively. The 8-unit building saw a studs out remodel in 2023. All 14 units are turn key. Washer/Dryer in each unit and plenty of on-site parking.
MLS# | 2302122 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1979 |
Days On Site | 124 |
Listing Provided By | Urban Commercial Partners, LLC | Pat Suarez |
SQ Feet | 7,280 |
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Story(s) | 2 |
Units | 1 |
Acreage | 0.50 |
State | WA |
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County | Pierce |
City | Tacoma |
Zip Code | 98499 |
Area | 36 Lakewood |
Community Name | Lakewood |
School District | Lakewood |
Listing VS Median (in Lakewood) | |
Price: $2,500,000 low | high Med: $499,950 SqFt: 7,280 low | high Med: 1,972 $ / SqFt: $343 low | high Med: $254 On Site: 124 low | high Med: 519.000000 |