Description
285 22nd Ave,
Longview,
WA
98632
Incredible turnkey multifamily investment! Professionally managed, newly-built townhouse-style rental units are a passive investors dream. Built in 2023 these 16 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builders 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.
This is an Active listing.
Broker Office Phone Number: 360-693-3336
Copyright © 2024Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listing By: Keller Williams Realty via Data Source: Regional Multiple Listing Services
Multi Family
Property type
Kessler
Schools
Kessler
Elementary
Monticello
Middle
Ra Long
High
Price History
| date | price | variance | type |
|---|
| 10/16/2024 | $4,200,000 | - | Listed |
listing agent: April Treacy
