American Property Management- property for sale, Meadows Apartments, Tacoma, WA

Meadows Apartments:
PROPERTY DETAILS:
LIST PRICE: $34,950,000

Property Location	11012 Portland Ave E. Tacoma, WA 98445 Pierce County
Number of Units	200 Units 70 1x1units 100 2x2 exterior units 30 2x2 interior units
Parking	291 Total Parking Spaces 198 Carports and Open Stalls 86 Attached Garages 6 Detached Garages Parking ratio – 1.45 per unit
Land Area	11.14 acres gross (1.71 acres are wetlands) / 9.43 acres net The property is bordered by State Route 512 to the North, commercial and light industrial to the South, retail shopping center to the East and bordered to the West by the Chicago, Milwaukee, St. Paul and Pacific Railroad, with the high school located beyond the railroad.
Project Description	The project consists of 200 apartment units contained in ten, three-story walk-up wood-frame buildings and one office/recreation building. The exteriors are finished with vinyl siding, gable roof design and vinyl double pane windows. Each unit has its own private patio or balcony.
Contact Information	Kevin Weishaar Phone: # (425) 709-7228

Unit Mix Summary

Unit Type	Price	Number of Units	Sq. Ft Per Unit	Garage Sq. Ft	Total Sq. Ft
1 bd / 1 ba (type 2 bld)	$975	56	903	0	903

1 bd / 1 ba w/garage* (type 2 bld)	$1065	14	903	409	1312

2 bd / 2 ba int. (type 4 bld)	$1195	24	1193	0	1193

2 bd / 2 ba int. w/garage* (type 4 bld)	$1285	6	1193	346	1539

2 bd / 2 ba ext. (type 2 bld)	$1250	56	1168	0	1168

2 bd / 2 ba ext. (type 4 bld)	$1250	24	1168	0	1168

2 bd / 2 ba ext. w/garage* (type 2 bld)	$1370	14	1168	402	1570

2 bd / 2 ba ext. w/garage* (type 4 bld)	$1370	6	1168	449	1617

TOTALS		200

Under Building Garages	$70	46	4 on T2 buildings / 6 on T4 buildings

Bay Garages	$45	6	3 Are for Maint.

Storage Units	$30	80	8 on T2 buildings / 8 on T4 buildings

Office / Recreation Center		1	3980

Unit Descriptions:

All units will have 9 foot ceilings, baseboard or individual electric in-wall heaters, stacked or full size washer and dryer, walk-in-closets (varying in size), and a patio or balcony with storage closets. The kitchens will include a refrigerator with icemaker, an oven/range with range hood, dishwasher, disposal and microwave.

Project Amenities:

The subject development will incorporate higher quality features and amenities than found in other projects in the marketplace. The office/ recreation center will contain a social room with a fireplace, leasing office, a professionally equipped exercise room with a shower, men and women’s restrooms, a TV room with a kitchen and a game room. The project amenities also include a pool and spa, an outdoor shower, storage units and a gated entry with a guardhouse for security.

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Meadows Apartments: