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Multifamily

Garden Court West

7654 40th St W, University Place, WA 98466

Listing Price: Request For Offer

Number of Units
64
Gross SF
51,930

Investment Overview

Garden Court West Apartments is a 64-unit community located in University Place, Washington. Built in 1972 this property offers residents a unit mix of one and two bedroom apartments as well as a few three bedroom units. The spacious floor plans measure up to 1,053 square feet and each unit features a balcony and parking. Washer and Dryers are included in select units. Residents also enjoy the amenity package including an outdoor pool, clubhouse, courtyard, and laundry facility. Garden Court West is located five miles from Tacoma Mall, one of the major retail destinations in the area, with tenants including Best Buy, Dick’s Sporting Goods, Macy’s, and JC Penney. The center also has several options for restaurants, including BJ’s Restaurant & Brewhouse, Blazing Onion Burger Co, Kizuki Ramen & Izakaya, and Azteca Mexican. The complex is within a few blocks of Fircrest Golf Club, Trader Joe’s, Whole Foods Market, and many more. The property is in a strong demographic area that has shown considerable rent growth, which is largely attributed to robust demographic trends, the strengthening of the local economy, continued multifamily investment activity, and shortage of new supply in the Pierce County market. The area features a dense population of 245,525 within a 5-mile radius. In addition, the average household income within the same 5-mile radius is $84,083, well above the national average. Garden Court West offers a rare opportunity for an owner to invest in a value-add asset and achieve a significant increase in rents immediately upon ownership.

Investment Highlights

  • Free Parking
  • Mix of one-, two-, and three-bedroom units
  • Close to dining, shopping and transit options

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
64
Gross SF
51,930

Investment Highlights

  • Free Parking
  • Mix of one-, two-, and three-bedroom units
  • Close to dining, shopping and transit options

Investment Overview

Garden Court West Apartments is a 64-unit community located in University Place, Washington. Built in 1972 this property offers residents a unit mix of one and two bedroom apartments as well as a few three bedroom units. The spacious floor plans measure up to 1,053 square feet and each unit features a balcony and parking. Washer and Dryers are included in select units. Residents also enjoy the amenity package including an outdoor pool, clubhouse, courtyard, and laundry facility. Garden Court West is located five miles from Tacoma Mall, one of the major retail destinations in the area, with tenants including Best Buy, Dick’s Sporting Goods, Macy’s, and JC Penney. The center also has several options for restaurants, including BJ’s Restaurant & Brewhouse, Blazing Onion Burger Co, Kizuki Ramen & Izakaya, and Azteca Mexican. The complex is within a few blocks of Fircrest Golf Club, Trader Joe’s, Whole Foods Market, and many more. The property is in a strong demographic area that has shown considerable rent growth, which is largely attributed to robust demographic trends, the strengthening of the local economy, continued multifamily investment activity, and shortage of new supply in the Pierce County market. The area features a dense population of 245,525 within a 5-mile radius. In addition, the average household income within the same 5-mile radius is $84,083, well above the national average. Garden Court West offers a rare opportunity for an owner to invest in a value-add asset and achieve a significant increase in rents immediately upon ownership.

Exclusively Listed By

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