HIGH DEMAND INVESTMENT OPPORTUNITY! Alder Terrace Apartments is a two building, 14-unit complex, 13 two-bedroom/one bath units and one ADA unit with one bedroom/one bath, washer/dryer hookup and walk in closet. Improvements in the past two years; parking lot, exterior painting, remodeled laundry room, landscaping and fire alarm. Units #9 and #12 have been remodeled with vinyl plank flooring and new paint throughout. Unit #1 is scheduled for a complete remodel in September. A new roof was installed in 2019. 26 off street parking spaces. Great location, across from the Boys and Girls Clubs of Olympic Peninsula and Buena Luz Bakery. Close to Franklin Elementary School, Peninsula College and Olympic National Park.