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11102 Burnham Drive
Gig Harbor, WA 98332
Asking Price
$1.80M
Asset Type
Residential Land
Class
Class B
What's Special
47-Unit Townhome Development | 3.95 Acres | Highway Access - 64,000+ VPD <ul><li><strong>3.95 Gross Acres in Prime Gig Harbor:</strong> A highly visible and expansive parcel offering significant scale in a high-demand, supply-constrained submarket.</li><li><strong>By-Right Multifamily Density:</strong> Density allows 47 units on 3.95 acres in RB-1, assuming essentially full net buildable acreage and no density bonuses.</li><li><strong>Extensive Environmental Due Diligence: </strong>The site comes with completed existing conditions mapping saving developers months
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NOI
$80,000
Cap Rate
4.44%
DSCR
0.75
Underwater
Cash-on-Cash
-4.98%
Monthly Payment
$8,905.418
Annual Cash Flow
$-26,865.015