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Oak Terrace
On the Market
Price: Market Pricing
Offer Review Date: To Be Announced
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Property Details
Building Details
91-Unit, Value-Add Apartment in Highly Sought-After Lakewood
Value-Add Opportunity
Finish Unit Renovations
- New LVP Flooring
- New Cabinets & Countertops
- Undermount Sinks
- Add Washer & Dryer
- Stainless Steel Appliances
- Update Bathroom
Rent Upside
With 38 units fully renovated with W/D, Buyers have the opportunity to bring rents to market upon turnover, followed by adding W/D to 15 renovated units and renovating the remaining 38 units to fully maximize rents.
Location
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Oak Terrace
42 Thunderbird Pky SW
Lakewood, WA 98498
Units: 91
Price: Market Pricing
Lakewood offers a perfect blend of scenic beauty, vibrant community and convenient urban access.
With around 61,000 residents, the Tacoma suburb boasts a vibrant mix of families, young professionals, and retirees, fostering an inclusive and welcoming atmosphere. Its strategic location provides convenient access to employment centers, making it an attractive choice for those seeking proximity to job opportunities.
Residents of Lakewood enjoy shorter commutes to work with Tacoma’s downtown and industrial areas nearby. Additionally, the presence of Joint Base Lewis-McChord, one of the largest military installations in the country, plays a vital role in contributing to the local economy and job market.
Serene Suburban Living away from the hustle and bustle of larger cities.
Easy access to major employment centers in Tacoma and nearby cities
A vibrant mix of residents, including families, young professionals, and retirees
Picturesque landscapes with numerous lakes, parks, and green spaces, offering ample opportunities for outdoor recreation
Named one of the nation’s “One Hundred Best Communities for Young People” by America’s Promise Alliance six years in a row.
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