4106 Madrona Dr SE | Port Orchard, WA 98366
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4106 Madrona Dr SE
Port Orchard, WA 98366
Timber Run · Multifamily Property For Sale · 58 Units
Investment Highlights
- Extensively renovated multifamily community in tranquil Port Orchard, WA
- 70% of all units have been renovated and are achieving premiums as high as $415 (over in-place rent for classic units)
- Exterior and common area renovations 100% complete and include new wood decks, siding, windows, and overlay across parking lots
- Property feature spacious one- and two-bed units with townhome-style options; 82% of apartments feature in-unit washers and dryers
- Proven success in rent increases for classic units upon renewal; classic two-bed units achieving up to 42% higher rates
- Robust renter pool within five-mile radius (36% of population, compared to 29% metrowide)
PROPERTY FACTS
| No. Units | 58 | Building Size | 43,998 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1972 |
| Building Class | C | Parking Ratio | 1.36/1,000 SF |
| Lot Size | 4.65 AC |
| No. Units | 58 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.65 AC |
| Building Size | 43,998 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.36/1,000 SF |
Unit Amenities
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Refrigerator
- Oven
- Range
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | $1,393 | 672 |
| 2+1 | 18 | $1,515 | 951 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $15,423,820 | |
| Land Assessment | $333,920 | Total Assessment | $15,757,740 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$333,920
Improvements Assessment
$15,423,820
Total Assessment
$15,757,740
zoning
| Zoning Code | UM |
| UM |
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