* In-Place Rents 20% Below Market* Rich Common Area Amenities - an exceptionally amenity-rich community for its size, featuring two basketball courts, two tot lots, and a tennis/pickleball court, enhancing tenant retention and competitive positioning in the Lacey rental market* 10 buildings spread across 2 parcels and 11.82 acres. Approximately 4.5 acres of unutilized open space offers the ability to add storage units, rezone for additionalapartment units, or pursue other income-generating development opportunitiesPrime Location Near JBLM, State Capital & Major Transit.Frontage on Yelm Highway (major bus line route) with a transit stop 150 feet from the property. Directly across the street from Chambers Prairie Elementary. Walmart, Safeway, Lowe's all within 1 mile.