Property Details

2102 62nd Ave E

Fife, WA 98424

$2,100,000

Off Market

CBA# 707033 courtesy of CBA Listing firm: Marcus & Millichap, Inc.

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Commercial

Property Type

13,728

Bldg Sq Ft

Units

1.00%

Cap Rate

1984

Year Built

Property Overview

We are pleased to exclusively present for sale Fife Village Apartments, a 16-unit multifamily community located in Fife, Washington. Constructed in 1984, the property consists of two two-story, wood-frame buildings situated on slab-on-grade foundations with T-1 11 siding and pitched composition roofing. The asset benefits from copper plumbing and largely copper electrical wiring, with nearly all interior unit electrical panels having been updated over time.The property has been family-owned and operated for two generations, with ownership consistently maintaining the asset throughout its hold period. Recent capital improvements include the replacement of siding around the chimney stacks on both buildings. While select interior upgrades have been completed as units have turned, the majorit