1951 Louisiana St - Apartments FOR SALE


Longview, WA 98632- Old West Side
$1,250,000 USD
1951 Louisiana St, Longview, WA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/18
null | 5.09% Cap Rate

1951 Louisiana St
Longview, WA 98632
Old West Side


OVERVIEW

A rare opportunity to own a prime 8 plex in the heart of the Old Westside overlooking Vandercook Park. The Park Vista has one unit with 3 Bedrooms, 2 baths and 2 woodburning fireplaces. The other 7 units have 2 bedrooms, 1 bath and a woodburning fireplace in each unit. The units have exterior balconies overlooking the Park, One enclosed garage space per unit and one storage closet in the basement per unit. Some units have been nicely updated. There is a utility room in the basement with one washer and dryer for the tenants convenience. Maintenance storage. Water, Sewer, Garbage are paid by the Landlord all other utilties are paid by the tenants. Gated private courtyard the tenants share as common area. Long Term Tenants in place.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

8

PRICE/UNIT

$156,250

CAP RATE

5.09%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,241 SF

ZONING

R03

APN/PARCEL ID

0-0730

ASK ABOUT THIS PROPERTY

Diane LokanJohn L. ScottMore Info

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Diane LokanJohn L. ScottMore Info

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