Map of Property

Freeport Apartments

For Sale

10211 47th Ave SW, Lakewood, WA 98499

This Lakewood property for sale is located at 10211 47th Ave SW. The current listed sale price for Freeport Apartments is $3,000,000. Freeport Apartments is situated on a lot that is 0.63 acre in size.

Contacts

broker

Austin Kelley

Kidder Mathews

broker

Ted Sipila

Kidder Mathews

Property Details

  • Property Type Multi-Family
  • Property Size 10,724 SF
  • Units 14
  • Lot Size 0.63 Acre
  • Cap Rate % 6.4
  • Additional Rent Contact for pricing
  • Year Built 1980
  • Date Updated Nov 19, 2024

A truly unique assumable debt offering, Freeport sits in the heart of Lakewood and is well positioned to offer new ownership immediate cashflow. Built in 1980, Freeport holds 14-spacious 766 SF 2-bedroom homes situated less than two miles from Interstate – 5. This transit oriented community rests on 0.63 acres of land comprised of one building, ample surface parking and mature vegetation. With over 78% of units unrenovated, investors will find immense value in interior upgrades and implementation of washer/ dry add ins. Freeport has extremely attractive assumable debt offered at 3.37% fixed through 2029. Providing day one cash flow for new ownership, the Freeport offering offers multiple avenues to add value and increase NOI in both the immediate and long term future.

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Getting around

  • 66/100

    Walk Score ®

  • 63/100

    Bike Score ®

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Location

  • City Lakewood, WA
  • Neighborhood Lakeview
  • Zip Code 98499
  • Market Seattle

Points of Interest

  • Lakewood

    0.77 miles

  • South 25th Street

    5.98 miles

  • S 25th St

    5.98 miles

  • Saint Joseph

    6.01 miles

  • St Joseph

    6.02 miles

  • Tacoma

    6.16 miles

  • Tacoma Dome

    6.18 miles

  • Union Station

    6.27 miles

  • Union Station/South 19th Street

    6.27 miles

  • Hilltop District

    6.42 miles

  • 76

    0.45 miles

  • Chevron

    0.46 miles

  • Arco

    0.71 miles

  • Safeway Fuel Station

    0.99 miles

  • Blink

    1.00 miles

  • Shell

    1.01 miles

  • Mobil

    1.06 miles

  • 7-Eleven

    1.19 miles

  • Tesla Supercharger

    3.52 miles

  • eVgo

    3.76 miles

  • Postal Workers Parking

    0.59 miles

  • Staff Parking

    0.64 miles

  • Patient/Visitor Parking

    0.64 miles

  • Lakewood Station Parking Garage

    0.77 miles

  • I-5/SR-512 Park & Ride

    0.79 miles

  • South Puget Sound Wildlife Area

    2.25 miles

  • Lakewood Fish Hatchery

    2.26 miles

  • Morken Center Parking Lot

    2.72 miles

  • South Tacoma Station Park & Ride

    2.74 miles

  • Wheeler Parking Lot

    2.79 miles

  • Americas Best Value Inn Lakewood Tacoma S

    0.60 miles

  • Candlewood Suites Lakewood

    0.64 miles

  • Western Inn

    0.71 miles

  • Woodspring Suites

    0.79 miles

  • Home Motel

    0.91 miles

  • Days Inn Lakewood

    0.92 miles

  • TownePlace Suites

    1.02 miles

  • Holiday Inn Express

    1.09 miles

  • Best Western

    1.15 miles

  • Fort Lewis Motel

    1.35 miles

  • Big Lots

    0.54 miles

  • Target

    0.60 miles

  • Marshalls

    0.66 miles

  • Paradisio Filipino Food

    0.70 miles

  • Ross

    0.74 miles

  • Tienda Y Carniceria Los Guerreros

    0.76 miles

  • Burlington

    0.86 miles

  • Safeway

    0.91 miles

  • Boohan Market

    0.95 miles

  • H Mart

    1.16 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Freeport Apartments