Investment Overview

Lakewood, WA, which is located just south of Tacoma, is historically a high cashflow market that has one of the highest renter percentages in Pierce County. This thriving market offers exceptional value with some of the most affordable price-per-unit and price-per-square-foot metrics in the Puget Sound region. In addition, Lakewood stands out with some of the highest cap rates and cash-on-cash returns in the area, making it an attractive choice for investors seeking reliable and profitable opportunities. Investing in Lochburn Lane offers the opportunity to acquire a well-maintained asset at an attractive cost basis, with minimal operational complexity and strong cash flow potential. Priced above a 6% cap rate based on current income, the property offers immediate returns with the option of favorable interest-only financing for several years. This provides a buyer with strong cash flow from day one of ownership. Moreover, Lochburn Lane presents significant upside potential. With the ability to raise rents to market rates without the need for additional capital infusion, a buyer can increase their cash-on-cash return to nearly 7.5%, further enhancing the investment’s long-term value. This combination of stable income, immediate returns, and future rent growth makes Lochburn Lane an exceptional opportunity for investors looking to capitalize on the vibrant Lakewood market.