616 Columbia AVE, Bridgeport, WA 98813
616 Columbia AVE, Bridgeport, WA 98813
616 Columbia AVE, Bridgeport, WA 98813
37
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Listed by:CB Cascade RE - Wenatchee • Paul Harrison
$475,000
Est. payment /mo
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7 Beds
7 Baths
4,228 SqFt
Active

616 Columbia AVE Bridgeport, WA 98813

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Whitney Johnson

Whitney Johnson

+1(509) 240-6438

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,228 sqft

Price per Sqft $112

Subdivision Bridgeport

MLS Listing ID 2484253

Style 55 - 5-9 Units

Bedrooms 7

Year Built 1951

Annual Tax Amount $1,850

Lot Size 0.420 Acres

Property Sub-Type Multi Family

Property Description

Brand new roof on this Multifamily Investment Opportunity in Bridgeport with solid financials. Currently fully rented, this recently remodeled seven-unit apartment complex offers impressive returns with a STRONG 12% Net Cap Rate and TREMENDOUS Gross Rent Multiplier of 6.35! New improvements include a brand new commercial-grade TPO roof, interior remodels to units, and new exterior paint. Low operating costs and cheap utilities make this a high-efficiency investment. With the building totaling 4,228 square feet of one-level living, this property also features a shared laundry room and large backyard which includes a versatile 416 square foot shop for storage or additional income. Located in a central area of Washington with stable rental demand. Ideal for investors seeking reliable cash flow and long-term upside. **Seller Financing Available** With reasonable financing terms from the Seller, you can acquire this great income-producing property AND keep the mortgage off your books, credit bureaus, debt to income ratios, etc. Leases and Financials available upon request. No Seller Equity Contract Carry Terms will be accepted whatsoever.

Location

State WA

County Douglas

Area 968 - Bridgeport

Interior

Flooring Vinyl Plank

Fireplace false

Exterior

Exterior Feature Stucco

View Y/N No

Roof Type See Remarks

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Bridgeport Elem

Middle Schools Bridgeport Mid

High Schools Bridgeport High

School District Bridgeport

Others

Senior Community No

Acceptable Financing Cash, Conventional, Owner Will Carry

Listing Terms Cash, Conventional, Owner Will Carry

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby School & Business

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Whitney Johnson

Whitney Johnson

Owner/Broker | License ID: 90947

+1(509) 240-6438

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