5650 Yelm Hwy SE
Lacey, WA 98513

$13,000,000 USD

Apartments For Sale • 63,499 SF

Property Details

Property Type Apartments
Total Building Size 63,499 SF
Lot Size 11.82 AC
Building Class C
Year Built 1964
Zoning LD

30 Transit Score

40 Walk Score

                
                    Highlights
                
                                Absolute Seller - The estate has liquidated all their other holdings and this is the last piece.
                            
                                Immediate Upside - In-place rents are 20% below market
                            
                                Development Potential - 4.5 acres that are currently fields that would be ideal for adding units. The city is open to a rezone to allow more density
                            
                                High Number of Common Amenities - tennis & basketball courts, tot lots, maintenance shops
                            
                                Close Proximity to Major Retailers - Walmart, Safeway, Lowe's all within 1 mile