• 162 days on site
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Brand new apartment opportunity with assumable debt, Kidder Mathews is pleased to have the exclusive listing for the Woodbrook apartments. Excellent cash flowing opportunity, the Woodbrook Apartments is a brand-new garden style community located in Lakewood, WA. Situated on just under an acre, the Woodbrook offering consists of 12 1-bedroom 1-bath units, top of the market interior finishes, extremely low maintenance grounds and promising rental growth potential. Woodbrook has extremely attractive assumable debt offered at 3.37% fixed through 2029. With an in place cap of 6.2%, Woodbrook offers investors an opportunity to own a cash flowing asset with very limited capital expenditures for years to come.

Listed by:

Kidder Mathews

Source: NWMLS, MLS#: NWM2176712

  • Property Type
    ResidentialIncome
  • Lot
    0.92 Acres

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Bruce Batson
  • Median Age
    26
  • Population Density
    602
  • College Educated
    30%
  • Estimated Median Monthly Income
    $38,415
  • Estimated Total Home Owners
    202
  • Estimated Total Renters
    1,949
  • Owner / Renter Divide
    9% / 91%
  • Estimated Average Household Size
    2
  • Total Population
    5,260
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
*Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Life at 15001 Woodbrook Drive SW


Schools

2
Carter Lake Elementary School
  • Grades: PK-5
  • Public
2
Thomas Middle School
  • Grades: 6-8
  • Public
School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

History

Date Event Value Agent
3/7/2024Source: NWMLS Status Change
Pending
2/20/2024Source: NWMLS Status Change
Active
1/26/2024Source: NWMLS Status Change
Pending
12/4/2023Source: NWMLS Price Reduction
$2,500,000 -3.8%
11/1/2023Source: NWMLS Added to Database
November 01, 2023