sold

Listings/Manchester Heights

Manchester Heights

Sale Price: $3,196,740

For more information about this property, please contact the listing broker.

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Download the Port Orchard Portfolio Case Study at the link below.

Portfolio Sale Summary

The challenge arose when a family, who had owned the portfolio for over 40 years, faced their first commercial transaction. Unfortunately, the passing of the original owner transferred the properties to his three children, who held strong sentimental value in the portfolio and sought a high price. Our team tackled the situation by directly approaching a prominent investor in the Puget Sound Market, leveraging their experience and addressing the uncertainties surrounding the properties. With a personal relationship established early on, we presented an aggressive offer from Timberlane, ensuring price stability throughout the contract. The results were fruitful, as the buyer conducted a thorough tour, exhibited confidence in closing, and maintained transparent communication with both the beneficiaries and the personal representative. The transaction concluded at the contracted price of $8,650,000, showcasing the success of an off-market deal and the portfolio’s first sale in over 40 years.

Property Details

address
1750 Jackson Ave SE
city, state
Port Orchard, WA
units
34
year built
1978

Sale Details

Sale date
April 30, 2021
sale price
$3,196,740
price per unit
$94,022

Location

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Manchester Heights

1750 Jackson Ave SE
Port Orchard, WA 98366
Units: 34
Price: $3,196,740

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