222 G St SE - Apartments FOR SALE


Quincy, WA 98848
$425,000 USD
206-251-9002
222 G St SE, Quincy, WA for Sale
$425,000 USD
Apartments - FOR SALE
1/6
null | 7% Cap Rate

222 G St SE
Quincy, WA 98848


HIGHLIGHTS

  • Near Downtown
  • Clean and well maintained
  • Great tenants but plenty of upside for rent increases

OVERVIEW

Price reduced! Quincy's rise as the "Center of the Cloud" and #1 in STR properties with its proximity to the Gorge (George, WA) ensures economic stability and abundant sunshine, making it an ideal investment hub. The Columbia Apartments epitomize a landlord's dream with low maintenance and constant occupancy. Featuring vinyl windows, updated plumbing, new water tanks, modern flooring, and a sturdy metal roof, alongside ample parking. The complex includes a central utility room, prepped with newer washer and dryer. Strategically located near markets, restaurants, and cafes on F Street SE & Central Ave S, this turnkey 4-plex investment offers fully-rented units with potential for rent increases or conversion to partial STRs or full STRs. Recent updates in paint, flooring and a shared laundry room boost attractiveness to tenants.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

4

PRICE/UNIT

$106,250

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Columbia Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

-

APN/PARCEL ID

040728000,040729000

ASK ABOUT THIS PROPERTY

Chris BierrumCB Properties, LLC / SeattleMore Info
206-251-9002

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Chris BierrumCB Properties, LLC / SeattleMore Info
206-251-9002

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