Incredible turnkey multifamily investment! These professionally managed, newly-built townhouse-style rental units are a passive investor’s dream. Built in 2023 the 16 units all boast spacious 3 bedrooms and 1.5 bathrooms over two stories on 1,150 square feet of living space & are still under builder’s warranty in 2024. Fire Sprinklers installed! It offers a remarkable 6.5% cap rate on Year 1 Stabilized, 11.55 GRM & 24% expense ratio. High demand at 100% occupancy w/ tenant wait list. Mostly market rate tenants - now some Section 8 tenants, which ensures consistent rental income. Quarterly inspection of the units ensure the units are kept in good condition. Quick access to I-5 into Vancouver WA and a bridge over Columbia River into Astoria OR. Offering Memorandum available for more details. The property is currently being offered as a portfolio of 4 fourplexes, but we are open to offers for individual fourplexes as well. If a larger portfolio is what's desired, there are 2 more fourplexes under development. Addresses of the properties in this portfolio are: 285 22nd Ave, 263 20th Ave, 259 20th Ave, and 257 20th Ave, Longview WA 98632. For any questions or clarifications, contact listing broker: Jonathan Nicoli/commercial broker 206-330-7100 jonathan@zeptore.com