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Listed by Keller Williams Realty

$4,200,000

Est. payment - /mo

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18,400 SqFt

New

285 22ND AVE Longview, WA 98632

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Whitney Johnson

whitney@unitedcountrynw.com +1(509) 240-6438

UPDATED:

10/16/2024 04:00 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 18,400 sqft

Price per Sqft $228

MLS Listing ID 24254219

Year Built 2023

Annual Tax Amount $26,925

Tax Year 2023

Property Description

Incredible turnkey multifamily investment! Professionally managed, newly-built townhouse-style rental units are a passive investor?s dream. Built in 2023 these 16 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder?s warranty in 2024. Fire sprinklers! Offers a remarkable 6.5% Cap Rate on Year 1 stabilized, 11.5 GRM & 24% Expense Ratio. 100% occupancy w/ tenant wait list. Mostly market rate tenants but also Section 8 approved, for consistent income. Option for 1-3 more fourplex under devt, if larger portfolio is desired. Offering is for portfolio of 4 fourplexes but open to offers for individual 4plex(es). Addresses: 285 22nd Ave, 263 20th Ave, 259 20th Ave, 257 20th Ave. All separate parcels.

Location

State WA

County Cowlitz

Area _82

Zoning 4 plex

Interior

Heating Wall Heater

Cooling None

Exterior

Roof Type Composition

Parking Type Paved

Garage No

Building

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Kessler

Middle Schools Monticello

High Schools Ra Long

Others

Acceptable Financing Cash, Conventional, FHA, OwnerWillCarry

Listing Terms Cash, Conventional, FHA, OwnerWillCarry

Regional Multiple Listing Service (RMLS)

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Whitney Johnson

Owner/Broker | License ID: 90947

+1(509) 240-6438

Whitney Johnson

285 22ND AVE Longview, WA 98632

Whitney Johnson

Key Details

Location

Interior

Exterior

Building

Schools

Others

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