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.