1417 5th St - Apartments FOR SALE
Wenatchee, WA 98801 |
$5,200,000 USD
509-410-1990
1417 5th St
Wenatchee, WA 98801
HIGHLIGHTS
- NEW CONSTRUCTION BUILD-TO-RENT: High quality build-to-rent new construction property. Build-to-rent is in high demand in the market because it provide
- STABILIZED ASSET: The property is 100% occupied with a combination of Single-Room-Occupancy and full unit leases to maximize income. The large 1,900 s
- HIGHLY DESIRABLE LOCATION: Located directly across from Wenatchee Valley College, and within 3 minutes of all Wenatchee has to offer, this property is
- OPERATIONAL FLEXIBILITY: Fifth Street Townhomes can be leased and managed as a traditional townhome-style multifamily property with 14 leases. It can
OVERVIEW
Fifth Street Townhomes is a newly-built 14-unit townhome-style community in Wenatchee, WA. Each 1,900 square foot unit contains 3 bedrooms, 3.5 bathrooms, and can be leased by the unit, or by the individual room. Constructed with high quality materials and finishes, the units feature stainless steel appliances, LVP flooring, and in-unit washer/dryer.
FOR SALE DETAILS
PRICE
$5,200,000 USD
PRICE/SF
$195 USD /SF
# OF UNITS
14
PRICE/UNIT
$371,429
CAP RATE
5.21%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Fifth Street Townhomes
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
2023
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.92 AC
LAND SF
40,075 SF
ZONING
Residential Moderate
APN/PARCEL ID
17744
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509-410-1990
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509-410-1990
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