400 NE Colorado St - Apartments FOR SALE


Pullman, WA 99163
$3,950,000 USD
509-334-0562
400 NE Colorado St, Pullman, WA for Sale
$3,950,000 USD
Apartments - FOR SALE
1/67
null | Request Cap Rate

400 NE Colorado St
Pullman, WA 99163


OVERVIEW

Location, location, location! Super location adjacent to Washington State University campus. This class A Fraternity home was built ground up in 1996. The property has three stories plus a finished basement with approximately 4,500sf per floor. The basement features an enormous recreation room, chapter room, maintenance and equipment rooms, office, and laundry facilities. The main level consists of a foyer, a grand living room with gas fireplace, dining hall, commercial grade kitchen with walk-in cooler, freezer & pantry. Access to entertainment size deck on north and west sides of the building. Bathrooms are located on every floor. Both 2nd & 3rd floors feature a total of 26 bedrooms and a large study/library room with access to a separate deck above the covered porch. The 4th level is an attic space for extra storage and a Bell Tower. The property features a hydraulic elevator, full fire suppression system, security access with cameras, and two interior stair cases on east and west sides of the building. The HVAC system is a hot and chilled water system. The exterior grounds provide a full size concrete basketball court, built-in brick twin gas BBQ grills, parking stalls for 21+vehicles and great views of the city and Palouse. This property has been very well maintained and looked after. Seller is willing to carry$1.5M to qualified buyer.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

26

PRICE/UNIT

$151,923

CAP RATE

Request Cap Rate

% LEASED

77%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1996

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

R4

APN/PARCEL ID

113600000170000,113600000180001,814600000000145

ASK ABOUT THIS PROPERTY

Mick NazeraliColdwell Banker TomlinsonMore Info
509-334-0562

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Mick NazeraliColdwell Banker TomlinsonMore Info
509-334-0562

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