Lawton Apartments

The property is a 33 unit Value Add Opportunity located in Shelton, Washington. The apartments are priced well below replacement cost in a market that is running above 98% occupancy. In place 6.24% cap rate, with attractive debt options starting in the low/mid 3% range. Exterior paint and landscaping provide for value add opportunity. Ability to remodel units and push rents. Charming apartment community in downtown Shelton location with long term stable tenant base.