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2102-2104 62nd Ave E
Fife, WA 98424 East Fife

$2,100,000 USD

Apartments For Sale  •  7,612 SF

Property Details

• Property Type Apartments
• Total Building Size 13,728 SF
• Lot Size 1.09 AC
• Building Class C
• Year Built 1984
• Zoning HIGH DENSI

0 Transit Score

44 Walk Score

Highlights

Compelling Value-Add Opportunity With a 10.61% Pro Forma Cap Rate

4 Units Delivered Vacant, Allowing for Immediate Renovation Upside

Highly Desirable Unit Mix With 75% Two-Bedroom Units

Attractive Low Basis at $131,000 Per Unit

Construction / Renovation Loan Financing Available

First Time On The Market In 20+ Years

Public Transportation

Commuter Rail	Drive	Walk	Distance
Tacoma Dome Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder), Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	8 min	-	4.9 mi
	12 min	-	4.9 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	29 min	-	17.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	12
Type:	Surface
Included in Rent:	Yes