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Multifamily

Legacy Ridge

901-921 E 72nd St, Tacoma, WA 98404

Listing Price: $8,800,000

Cap Rate
6.03%
Number of Units
40
GRM
10.42
Occupancy
96.0%
Price/Unit
$220,000

Investment Overview

Legacy Ridge Apartments is a 40-unit, 2015-built community located in Tacoma. With over 87% of units renovated, modern in-unit amenities, and a unique tenant partnership with Planet Fitness, the property attracts quality residents and achieves premium rents. Investors benefit from strong in-place cash flow, operational efficiencies, and continued upside in cash flow.

Investment Highlights

  • High Cash Flowing Asset With Additional Upside Through Stabilization.
  • Modern Construction With Recently Renovated Interiors.
  • Ideal Unit Mix of 40% 1BDs & 60% 2BDs.

Exclusively Listed By

Multifamily

Legacy Ridge

Listing Price: $8,800,000

Cap Rate
6.03%
Number of Units
40
GRM
10.42
Occupancy
96.0%
Price/Unit
$220,000

Investment Highlights

  • High Cash Flowing Asset With Additional Upside Through Stabilization.
  • Modern Construction With Recently Renovated Interiors.
  • Ideal Unit Mix of 40% 1BDs & 60% 2BDs.

Investment Overview

Legacy Ridge Apartments is a 40-unit, 2015-built community located in Tacoma. With over 87% of units renovated, modern in-unit amenities, and a unique tenant partnership with Planet Fitness, the property attracts quality residents and achieves premium rents. Investors benefit from strong in-place cash flow, operational efficiencies, and continued upside in cash flow.

Exclusively Listed By

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