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Listed by:Windermere Northwest Living • Paul Young
$ 4,250,000
Est. payment | /mo
21,216 SqFt
$ 4,250,000
Est. payment | /mo
21,216 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 21,216 sqft
Price per Sqft $200
Subdivision Centralia
MLS Listing ID 2493118
Style 56 - 10+ Units
Year Built 1970
Annual Tax Amount $22,097
Lot Size 1.240 Acres
Property Sub-Type Multi Family
Property Description
Excellent investment opportunity to purchase a 36-unit, single-story, garden-style apartment complex in Centralia, WA. All units consist of 1-bedroom units, which are both well-maintained and have strong historic rental history. Increases in several recently rented units indicate potential for additional rental income. On-site laundry to provide additional income (equipment is owned rather than leased and included in the sale). Property is centrally located in the Centralia-Chehalis area, with I-5 a short 5-minute drive away. Ample parking with both assigned spaces and street parking. All the roofs were replaced and windows upgraded to vinyl double-pane windows in 2015. Priced at $4.45M (or less than 124k/unit), which provides a cap rate of 6.82% based on the current actuals.
Location
State WA
County Lewis
Area 426 - Centralia
Interior
Fireplace false
Exterior
Exterior Feature Wood Products
View Y/N No
Roof Type Composition
Building
Lot Description Community Golf Course
Sewer Sewer Connected
New Construction No
Schools
School District Centralia
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Locations
Heather Marshman
Broker Associate | License ID: 25023211
+1(253) 545-8826 | hmarshman@hawkinspoe.com