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5610 23rd Street E Fife WA 98424
Listing #: 694392 | Status: Available | Last Modified: 4/25/2025
Showing Instructions | |
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Call Listing Agent | No |
Use Discretion | No |
Investment Information | |
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Investment Prop | Yes |
Gross Income | 884,723 |
Vacancy Factor % | 7.23% |
Operating Expenses | 389,854 |
Net Operating Income | 430,938 |
CAP Rate | 6.23 % |
Detail Listing Information | |
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Min Total SF | 0 SF |
Max Total SF | 0 SF |
Lease Rate Low | $ 0.00 |
Lease Rate High | $ 0.00 |
Retail Information | |
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Signage | Signage on Building and Freestanding |
Financial Summary | |
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CAP Rate | 6.225 |
Building Information | |
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Building Status | Existing |
# of Buildings | 6 |
# of Floors | 2 |
# of Units | 42 |
Total Building SF | 28,765 SF |
Net Rentable Area | 28,114 SF |
Total Office SF | 0 SF |
Largest Contiguous SF | 0 SF |
Lot SF | 91,237 SF |
Acres | 2.09 |
Year Built | 1976 |
Year Renovated | 2022 |
Property Type | |
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Property Type | Multi-Family |
Investment | Yes |
Building Class | B |
Location | |
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County | Pierce |
Market Area | Port of Tacoma/Fife |
Tax ID # | 0420072024 |
Zoning | HDR |
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