Investment Overview

Built in 1981, Wright Park Apartments is a sixteen-unit community located just one block South of Wright Park in Tacoma. Proximity to Wright Park and the Port of Tacoma make Wright Park Apartments a great investment driven by amenities and strong economic drivers. From a tenant’s perspective, spacious one- and two- bedroom units combined with a very walkable neighborhood make Wright Park Apartments an excellent place to call home. Wright Park Apartments consists of one one-bedroom, one-bathroom units approximately ?550 square feet, and fifteen two-bedroom, one-bathroom units averaging ?650 square feet. Each unit has been tastefully refinished for modern style and longevity. At a purchase price of $3,300,000, Wright Park offers great value to a buyer with free property management being offered by the seller for the first year which will allow a buyer to easily achieve over a 6% cash on cash going into the deal.