 |
| Click on image above for printable flyer. |
|
|
|
Terrace Olympus Apartments
PRICE REDUCED!
|
 |
| Townhouse units with yard and deck. |
|
|
Terrace Olympus Apartments are located on Kent's East Hill and are close to everyday grocery shops & restaurants, recently developed upscale shopping (Kent Station) and the new hockey stadium. Also convenient to public transportaion such as Sounder Rail Line, Metro Bus service and Hwy 167.
The apartment complex consists of 3 seperate buildings built on 71,890 sq. ft. lot overlooking the Kent Valley. The complex has a total of 32 units with an ideal unit mix of 11 townhomes, four 3-bedrooms, eight 2-bedrooms and nine 1-bedrooms. All townhouse and 2 & 3 bedroom units have washers and dryers in the unit. In addition, there are 3 laundry rooms located in the complex. Other ammenities include a recreation room, play ground and picnic area.
Asking $2,650,000
Performa:
| Scheduled Rents |
$334,740 |
| Other Revenue |
$3,206 |
| Gross Scheduled Income |
$337,946 |
| 5% Vacancy |
$16,897 |
| Adjusted Gross Income |
$321,049 |
| Operating Expenses |
$121,821 |
| NOI |
$199,228 |
| CAP |
7.2% |
For more information contact Steve Cook at 206-898-1933 or steve@nwcornerstone.com
Click here to download a .pdf package with more details.
|
 |
| View of Kent Valley |
|
|
 |
| Aerial View |
|
|
|