Affordable Multifamily
3301 Valentine Lane SE Port Orchard, WA 98366
3301 Valentine Lane SE, Port Orchard, WA, 98366
Contact for pricing
For Sale
Contact for pricing
Pending
25-unit affordable housing community built in 1995 with hard-surface flooring and recent unit and exterior improvements.
Days on Market103
Property Features for 3301 Valentine Lane SE
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing agency
Crain Real Estate
(425) 482-6100
Listed by
Corey Crain · License #WA 26492
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 5:34AM Checked: Jul 21 at 5:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crain Real Estate
Investment Insights
Based on property information with market context.
Lund Pointe Apartments is a 25-unit affordable housing community originally placed into service in 1995 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. Recent improvements include new flooring in 95% of the units, with hard-surface floors throughout and no carpet, along with new cabinets in many units, new exterior paint, a new gutter system, and new landscaping.
The property has an existing regulatory agreement in place requiring 24 units to be rented to income-qualifying residents at or below 50% and 60% of Area Medium Income (AMI) limits as provided by the Washington State Housing Finance Commission. There is one additional unit rented at market rate, and the property is adjoined by approximately 1,000 square feet of office/maintenance space. The property is out of its initial tax credit compliance period, and a qualified purchaser must agree to maintain the affordability restrictions.
The property has an existing regulatory agreement in place requiring 24 units to be rented to income-qualifying residents at or below 50% and 60% of Area Medium Income (AMI) limits as provided by the Washington State Housing Finance Commission. There is one additional unit rented at market rate, and the property is adjoined by approximately 1,000 square feet of office/maintenance space. The property is out of its initial tax credit compliance period, and a qualified purchaser must agree to maintain the affordability restrictions.
Key Highlights
- 25‑unit affordable housing community built in 1995, placed into service under the Section 42 LIHTC program
- Recent improvements include new flooring in 95% of units (all hard‑surface, no carpet), plus new cabinets in many units
- Exterior upgrades completed in the past year include new exterior paint, new gutter system, and new landscaping
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 25-unit affordable housing community built in 1995 with hard-surface flooring and recent unit and exterior improvements.
Where is this apartment building located?
The property is located at 3301 Valentine Lane SE Port Orchard, WA.
What are key features of this property?
This property features: 25‑unit affordable housing community built in 1995, placed into service under the Section 42 LIHTC program; Recent improvements include new flooring in 95% of units (all hard‑surface, no carpet), plus new cabinets in many units; Exterior upgrades completed in the past year include new exterior paint, new gutter system, and new landscaping
