Heather Court is a well-maintained value-add property that offers a unique opportunity for investors seeking significant growth potential and reliable returns. Built in 1971 and thoughtfully renovated in 2017, this 32-unit property combines modern upgrades with timeless charm. With an even unit mix of spacious one- and two-bedroom apartments averaging 675 SF, Heather Court provides renters with comfortable living spaces tailored to their needs. The 2017 renovations elevated the property with a new roof, updated exterior paint, modernized electrical and plumbing systems, and interior upgrades that include hardwood floors, refreshed cabinetry, and refinished bathtubs. These updates not only attract high-quality tenants but also position Heather Court as a prime contender for increased rental income. With light additional improvements, there is an opportunity to raise rents by 6.5% to align with current market rates, achieving a projected 6.1% cap rate. Located in Parkland, Heather Court benefits from its proximity to major employment hubs without the restrictions of Tacoma’s tenant and landlord regulations. The property offers direct access and convenient transportation to employers such as Joint Base Lewis-McChord, Boeing, UW Tacoma, and downtown Tacoma. With 40% of units currently renter occupied, Tacoma currently boasts one of the highest renter rates in the Seattle region. Heather Court’s location, combined with its proven potential for rental growth, offers investors a rare chance to capitalize on Parkland’s expanding rental market while providing a wonderful living experience for tenants.