1100-1105 S Pearl St - Apartments FOR SALE


Centralia, WA 98531
$4,450,000 USD
360-560-3165
1100-1105 S Pearl St, Centralia, WA for Sale
$4,450,000 USD
Apartments - FOR SALE
1/53
null | 6.82% Cap Rate

1100-1105 S Pearl St
Centralia, WA 98531


HIGHLIGHTS

  • All one level strong rental income and good rental history
  • Ideal for low-maintenance management
  • Broad tenant appeal

OVERVIEW

Excellent investment opportunity to purchase a 36-unit, single story, garden-style apartment complex in Centralia, WA. All units consist of 1-bedroom units which are both well maintained and have strong historic rental history. Increases in several recently rented units indicate potential for additional rental income. Onsite laundry to provide additional income (equipment is owned rather than leased and included in sale). Property is centrally located in the Centralia-Chehalis area with I-5 a short 5-minute drive away. Ample parking with both onsite, assigned spaces and street parking. All the roofs were replaced and windows upgraded to vinyl double paned windows in 2015. Priced at $4.45M (or less than $124K/unit) which provides a cap rate of 6.82% based on the current actuals.

FOR SALE DETAILS

PRICE

$4,450,000 USD

PRICE/SF

$210 USD /SF

# OF UNITS

36

PRICE/UNIT

$123,611

CAP RATE

6.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southgate Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

Multifamily (R-15)

APN/PARCEL ID

001934-014-000

ASK ABOUT THIS PROPERTY

Paul YoungWindermere Northwest LivingMore Info
360-560-3165

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Paul YoungWindermere Northwest LivingMore Info
360-560-3165

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