Marketing Description:

Introducing Violet Meadows, the perfect repositioning opportunity located at 11424 A St S, Tacoma, WA 98444. This property offers an assumable loan of $1,991,000 at a low interest rate of 4.51% through October 2027, with one year of interest-only payments remaining. Situated just a short walk from Pacific Lutheran University, which is ranked as one of the 2022 Best Western Colleges, Violet Meadows presents a promising investment. With 50% of the units already extensively renovated, there are still seven units ready for improvement. In-place rents are up to $162 below market rates, leaving a lucrative opportunity to achieve further premiums upon renovation. Conveniently located less than 5 miles from Lakewood Station, the property offers easy access to rail and express bus service throughou