157 Nevada Dr - Apartments FOR SALE


Longview, WA 98632- Outer Longview
$1,899,999 USD
157 Nevada Dr, Longview, WA for Sale
$1,899,999 USD
Apartments - FOR SALE
1/25
null | 4.86% Cap Rate

157 Nevada Dr
Longview, WA 98632
Outer Longview


OVERVIEW

Well maintained 8 Plex. 4 separate townhouse duplex units each on its own tax parcel. Units are approx 1093 square feet with 2 bedrooms, 1.5 baths, Vaulted ceilings, walk in closets and washer/dryer hookups. Each unit has a carport and 2 storage rooms. Private courtyards. Recent updates include Painting, New Roofs, Updated windows and flooring. 32x40 garage/shop with 200 amp service and a loft with 1/2 bath also on the property currently used for income and partially owner occupied. Four tax parcels are included in the sale. Most of the units are private and secluded set back off the road in a quiet wooded setting. Rents will be increased for 7 of the 8 units in July reflecting cap rate of over 5%.

FOR SALE DETAILS

PRICE

$1,899,999 USD

PRICE/SF

$217 USD /SF

# OF UNITS

8

PRICE/UNIT

$237,500

CAP RATE

4.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,104 SF

ZONING

UR0

APN/PARCEL ID

6-121101

ASK ABOUT THIS PROPERTY

Diane LokanJohn L. ScottMore Info

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Diane LokanJohn L. ScottMore Info

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