Bought with eXp Realty LLC
$1,050,000
$1,050,000
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4,600 SqFt
SOLD DATE : 03/13/2025
Key Details
Sold Price $1,050,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $228
MLS Listing ID 24629357
Year Built 2023
Annual Tax Amount $6,731
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 4 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder's warranty in 2024. Fire sprinklers! Offers a remarkable 6.0% Cap Rate on Year 1 stabilized, 11.67 GRM. 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
Building
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Kessler
Middle Schools Monticello
High Schools Ra Long
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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