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107-Unit University Place Multifamily Community Listed at $18MM with Below-Market Seller Financing
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107-Unit University Place Multifamily Community Listed at $18MM with Below-Market Seller Financing
A 107-unit apartment community in University Place has come to market at $18 million, paired with below-market seller financing designed to hand a buyer a low cost basis and a three-year runway to capture rents running 26 percent under market. The 1974-vintage property, offered through the Simon | Anderson Multifamily Team, lands at a moment when investors are circling Puget Sound’s secondary submarkets in search of yield and a clear path to val…
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