Map of Property

Freeport Apartments

10211 47th Ave SW, Lakewood, WA 98499

  • For Sale $3,000,000
  • 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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Contacts

broker
Austin Kelley Is this you?

Kidder Mathews

broker
Ted Sipila Is this you?

Kidder Mathews

Location

Getting Around

  • Walk Score ®

    66/100 Somewhat Walkable

  • Bike Score ®

    63/100 Bikeable
Powered by Walk Score ®
  • 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

  • Monteral Resturant

    0.33 miles

  • Sunny Teriyaki

    0.34 miles

  • Burrito California

    0.35 miles

  • Indy Sandwich Co.

    0.37 miles

  • IHOP

    0.40 miles

  • Wendy's

    0.42 miles

  • Joy Pho

    0.42 miles

  • Little Caesars

    0.45 miles

  • Buffalo Wild Wings

    0.45 miles

  • Emerald City Smoothie

    0.48 miles

  • Lakeview Elementary School

    0.18 miles

  • Southgate Elementary School

    0.37 miles

  • Fun Times Daycare

    0.39 miles

  • Saint Frances Cabrini School

    0.64 miles

  • Clover Park Technical College

    0.72 miles

  • Harrison Prep/CPSD Four Heroes Elementary

    0.73 miles

  • Clover Park High School

    1.04 miles

  • Park Lodge Elementary School

    1.09 miles

  • Lochburn Junior High School

    1.14 miles

  • Tyee Park Elementary School

    1.17 miles

  • Fun Times Daycare

    0.39 miles

  • Anna's Child Care

    0.95 miles

  • Angeles Academy

    1.11 miles

  • New Jerusalem Day Care Center

    1.34 miles

  • Children's University

    1.52 miles

  • Just Like Home Daycare

    1.78 miles

  • Kreative Kidz of Lakewood

    1.78 miles

  • Crown Academe

    1.96 miles

  • KinderCare

    2.08 miles

  • Alphabet Preschool

    3.06 miles

Frequently Asked Questions

How much does Freeport Apartments cost?

The space currently listed for sale at Freeport Apartments asks for $3,000,000.

What is the total square footage of Freeport Apartments?

Freeport Apartments totals 10,724 square feet.

When was this property built?

Freeport Apartments was built in 1980.

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Contact Freeport Apartments