LUND POINTE APARTMENTS

Download Marketing Package & Financial Summary Here

Download Lund_Pointe_Port_Orchard_WA-_Marketing_Package_1-17-2018.pdf
LUND POINTE APARTMENTS
  • Located just down the street from the 209 Acre South Kitsap Regional Park
  • Port Orchard is located 13 miles west of Seattle & 9 miles south of Bremerton- home to the  Naval Base Kitsap
  • Built & Placed into Service in 1995
  • Walmart, Starbucks, and Safeway are all located within very short distance of the property

3301 Valentine Lane SE
Port Orchard, WA 98366

  • Status: Available
  • Price: $2,630,000
  • # of Units: 25
  • Rentable SF: 23,738
  • Price per Unit: $105,200
  • Price per SF: $110.79
  • Year Built: 1995
  • # of Buildings: 4
  • Lot Size: 1.54 Acres
  • Density: 15.58 Units/Acre
  • # of Stories: 2
  • Download Marketing Package:
  • Description:

    • Lund Pointe Apartments is a 24-unit affordable housing community located in Port Orchard, WA. The property was built and placed into service in 1995 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. It is within walking distance to a number of shopping and dining venues, as well as public parks,

      There is an existing regulatory agreement in place which requires all units to be rented to income qualifying residents earning no more than 50% and 60% of Area Medium Income (AMI) limits, which are provided by the Washington State Housing Finance Commission. The property is out of its initial tax credit compliance period. A qualified purchaser can be a non-profit or for-profit entity that agrees to maintain the affordability restrictions.

      Lund Pointe Apartment community offers two and three bedroom apartment homes featuring an open floor plan and full appliance package. Community amenities include well maintained grounds and a convenient location.

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