253-722-1413
24331 228th Ave SE, Maple Valley, WA for Sale
Apartments - FOR SALE
1/12
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24331 228th Ave SE
Maple Valley, WA 98038


HIGHLIGHTS

  • Assumable Debt Offering
  • Value-Add Potential
  • Age of Build
  • Low Turnover & Vacancy
  • Location & Supply

OVERVIEW

Originally designed as condos, Brandon Place Aparments was built in 2009 and consists of twenty eight spacious 3-bedroom and 2-bathroom units spanning 1,300 SF per unit. Sitting on just over 2.4 acres, this low-density community is spread across five residential buildings with amenities that include a community BBQ area, playground, and twenty eight separate garage/storage units. Each unit is thoughtfully laid out and includes modern appliances, an in-unit washer/dryer, an electrical fireplace, spa-like bathrooms with two sinks, spacious showers, and a deep soaking bathtub. Brandon Place offers investors the rare opportunity to purchase a performing asset while simultaneously providing value-add potential for new ownership. Each unit can support significant cosmetic upgrades that include, but are not limited to, stainless steel appliances, stone countertops, updated lighting, painting, doors, trim and flooring, and paint. Through recommended improvements, Brandon Place has the potential to achieve market rents over $300 higher than in-place averages. Conveniently located a few minutes from Highway 18, Brandon Place residents enjoy seamless access to major transit and the booming local economy seen over the past 10 years in the Maple Valley region

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

28

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brandon Place Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2009

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,511 SF

ZONING

R12

APN/PARCEL ID

212206-9091

ASK ABOUT THIS PROPERTY

Austin KelleyKidder MathewsMore Info
253-722-1413

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Austin KelleyKidder MathewsMore Info
253-722-1413

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