The Outlook

620 NE Kamiaken Street, Pullman, WA 99163
Status: Closed
Year Built: 1997
Price: $3,500,000
Price Per Unit: $68,627
Price Per SF: $76.67
# of Units: 51
# of Buildings: 3
# of Stories: 3
Rentable SF: 45,649
Lot Size: 2.71 Acres
Density: 18.82 Units/Acre

Quick Stats:

  • Prime Location Close to Washington State University and Downtown Pullman
  • Bloomberg Businessweek Chose Pullman as the Best Place to Raise Kids in the State of Washington
  • Past the Initial Tax Credit Compliance Period (Placed In Service in 1997)
  • Actual Rents Well Below LIHTC Max Net Rents Allowable

Description:

The Outlook Apartments is a 51-unit affordable housing community located in Pullman, WA. The property was built and placed in service in 1997 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. It is conveniently located with easy access to Washington State University and downtown Pullman.

There is an existing regulatory agreement in place which requires 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 Washington State Housing Finance Commission (WSHFC). 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.

The Outlook offers spacious two and three bedroom floor plans. Residents benefit from common area amenities including carports, on-site laundry facility, and playground. Unit amenities include open floor plan with full appliance package, W/D connections in select units, and private patio / balcony.

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