307-420-522 F St NE - Multi-Family FOR SALE


Quincy, WA 98848
$11,100,000 USD
509-494-3116
307-420-522 F St NE, Quincy, WA for Sale
$11,100,000 USD
Multi-Family - FOR SALE
1/21
null | 6.17% Cap Rate

307-420-522 F St NE
Quincy, WA 98848


HIGHLIGHTS

  • Neighboring properties, giving the opportunity to manage together
  • Strong in-place rents with the ability to increase by 8% with as-is unit interiors
  • Large unit layouts averaging 1,145 sqft comprised of majority 3 & 2 bedroom units
  • Situated in family friendly pockets, surrounded by residential housing, parks, schools, & more
  • Located in one of the state's fastest growing markets of Quincy, largely due to its influx of data centers
  • Located near the Columbia River's hydroelectric power plants, lowering utility bills

OVERVIEW

The Quincy Apartment Portfolio is a prime investment opportunity featuring new-construction, turnkey buildings with strong in-place rents and the potential for 8% rent increases with as-is unit interiors. With spacious units averaging 1,145 sqft, comprised of majority 3 and 2-bedroom layouts, the properties are located in family-friendly neighborhoods near parks, schools, and residential areas. Situated in one of Washington’s fastest-growing markets, Quincy benefits from an influx of data centers and proximity to the Columbia River's hydroelectric plants, reducing utility costs. This portfolio offers strong returns, growth potential, and long-term value in a rapidly expanding region, making it an ideal investment.

FOR SALE DETAILS

PRICE

$11,100,000 USD

PRICE/SF

$173 USD /SF

# OF UNITS

56

PRICE/UNIT

$198,214

CAP RATE

6.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quincy Apartments

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

314114000

ASK ABOUT THIS PROPERTY

Max FrameKidder MathewsMore Info
509-494-3116

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Max FrameKidder MathewsMore Info
509-494-3116

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