255 Beech St - Apartments FOR SALE


Longview, WA 98632- Highlands
$5,200,000 USD
360-560-3165
255 Beech St, Longview, WA for Sale
$5,200,000 USD
Apartments - FOR SALE
1/13
null | 6.84% Cap Rate

255 Beech St
Longview, WA 98632
Highlands


OVERVIEW

Rare opportunity to purchase a 65-unit multifamily complex in Longview, WA, consisting of 16 fourplex units together with a 2-bed single family residence and adjacent vacant lot. The unit mix of the four-plexes consists of 55 two-bed units, 7 three-bed units, and 2 one-bed units. 10 separate tax parcels allow for flexibility for potentially reselling the units separately in the future. On-site laundry facilities provide an additional income stream with an existing maintenance contract for easy management. The roofs for 8 of the fourplexes have been recently replaced. Included with sale are a full set of construction plans for another 12-unit building (4 one-bed units and 8 studio units) designed to be situated on the vacant lot and single-family residence. Potential upside by bringing rental rates up to current market levels.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

65

PRICE/UNIT

$80,000

CAP RATE

6.84%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baltimore Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1943

PARKING SPACES

17

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,643 SF

ZONING

R04

APN/PARCEL ID

0-4451,0-4452,0-4453,0-4456,0-4458,0-4460,0-4462,0-4554,0-4563,0-4565

ASK ABOUT THIS PROPERTY

Paul YoungFuller Group CREMore Info
360-560-3165

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Paul YoungFuller Group CREMore Info
360-560-3165

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.