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Multifamily

Legacy Ridge

901 E 72nd St, Tacoma, WA 98404

Listing Price: $9,750,000

Cap Rate
5.42%
Number of Units
40
Occupancy
95.0%
Price/Unit
$243,750
Price/Gross SF
$303.70
Gross SF
32,104

Investment Overview

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Investment Highlights

  • Desirable new construction with majority of unit interiors renovated to true Class B finishes by current ownership.
  • Offered free and clear of existing debt with opportunity for outsized cash on cash returns through new interest-only financing.
  • Proven rental upside of over $100 across the Rent Roll with further support from annual submarket rent growth of 9.4% over trailing 5 years, and 11.99% since 2021.

Exclusively Listed By

Financing By

Multifamily

Legacy Ridge

Listing Price: $9,750,000

Cap Rate
5.42%
Number of Units
40
Occupancy
95.0%
Price/Unit
$243,750
Price/Gross SF
$303.70
Gross SF
32,104

Investment Highlights

  • Desirable new construction with majority of unit interiors renovated to true Class B finishes by current ownership.
  • Offered free and clear of existing debt with opportunity for outsized cash on cash returns through new interest-only financing.
  • Proven rental upside of over $100 across the Rent Roll with further support from annual submarket rent growth of 9.4% over trailing 5 years, and 11.99% since 2021.

Investment Overview

-

Exclusively Listed By

Financing By

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