Listing courtesy of Northmarq Multifamily, LLC 952-356-0100
We are pleased to present Town Centre Village, a premier investment opportunity in Lakewood, WA. This offering includes 2 well-maintained buildings: a 41,072SF mixed-use property comprising 33 residential units and 9 commercial spaces with frontage along Bridgeport Way, and a 6,932SF 4-Plex featuring 2 & 3 bedroom units. Ample parking is offered, including 40 surface spaces, 31 gated spaces, and 16 gated and covered spaces. With the potential to increase rental income by approximately 11% through minor renovations and rent adjustments to market rates, Town Centre Village presents a compelling value-add opportunity. The commercial component is currently 83% occupied, with the majority of tenants secured under long-term NNN leases.
We are pleased to present Town Centre Village, a premier investment opportunity in Lakewood, WA. This offering includes 2 well-maintained buildings: a 41,072SF mixed-use property comprising 33 residential units and 9 commercial spaces with frontage along Bridgeport Way, and a 6,932SF 4-Plex featuring 2 & 3 bedroom units. Ample parking is offered, including 40 surface spaces, 31 gated spaces, and 16 gated and covered spaces. With the potential to increase rental income by approximately 11% through minor renovations and rent adjustments to market rates, Town Centre Village presents a compelling value-add opportunity. The commercial component is currently 83% occupied, with the majority of tenants secured under long-term NNN leases.
Multifamily
Multi Family
2005
--
--
1.36
Active
47
0 Sq. Ft.
47
59,350 Sq. Ft.
Location
- No
- None
- Heat Pump
- Vinyl Plank
- Wood
- Flat
- Public
- 5400000541
Brendan Greenheck
Northmarq Multifamily, LLC
Pierce
NWM2349285
Closing
Listings last updated on 05/11/2025 04:54 PM.
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