LISTING DETAILS

The Landing Apartments

5610 23rd Street E Fife WA 98424

Listing #: 694392 | Status: Available | Last Modified: 4/25/2025

Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Investment Information
Investment PropYes
Gross Income884,723
Vacancy Factor %7.23%
Operating Expenses389,854
Net Operating Income430,938
CAP Rate6.23 %
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Retail Information
SignageSignage on Building and Freestanding
Financial Summary
CAP Rate6.225
Building Information
Building StatusExisting
# of Buildings6
# of Floors2
# of Units42
Total Building SF28,765 SF
Net Rentable Area28,114 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF91,237 SF
Acres2.09
Year Built1976
Year Renovated2022
Property Type
Property TypeMulti-Family
InvestmentYes
Building ClassB
Location
CountyPierce
Market AreaPort of Tacoma/Fife
Tax ID #0420072024
ZoningHDR

The Landing Apartments

Public Comments

We are pleased to present for sale, The Landing Apartments, a newly renovated 42-unit apartment complex in Fife, WA. Built in 1976, the complex is comprised of six two-story, wood-framed buildings with T1-11 siding and pitched composition roofing. The property features copper plumbing, a new sewer line installed in 1993, as well as copper electrical wiring with updated electrical panels in the units. The complex spans over two parcels, totaling more than two acres. At its center lies a beautifully landscaped greenspace with a sport court, enhancing the overall appeal. Additional common area amenities include three on-site laundry rooms and 67 uncovered parking stalls. Over the past three plus years, the current ownership has rebranded the property and undertaken extensive renovations. Ext

The Landing Apartments
5610 23rd Street E Fife WA 98424

Listing #: 694392 | Status: Available | Listing Date: 3/20/2025 | Last Modified: 4/25/2025 | Email Listing

For Sale

The Landing Apartments

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