1327 N 24th Ave - Apartments FOR SALE


Pasco, WA 99301
$8,900,000 USD
509-494-3116
1327 N 24th Ave, Pasco, WA for Sale
$8,900,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

1327 N 24th Ave
Pasco, WA 99301


HIGHLIGHTS

  • Well-maintained, prime value-add opportunity
  • 3.05% assumable loan through 2027
  • Upwards of $875,000 in recent capital improvements
  • Opportunity to increase rents 16% with as-is unit interiors and 32% with cosmetic renovations
  • In-unit washer & dryer in 20 units
  • Large units with open floor plans & vaulted ceilings

OVERVIEW

Prime value-add opportunity with assumable financing in one of Washington's fastest growing markets, the Tri-Cities. With over $875,000 in recent capital improvements, buyers are perfectly positioned to focus on in-unit cosmetic upgrades immediately.

FOR SALE DETAILS

PRICE

$8,900,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

60

PRICE/UNIT

$148,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sedona Apartment Homes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

106

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

MF

APN/PARCEL ID

119-332-062

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.