222 G St SE - Apartments FOR SALE


Quincy, WA 98848
$399,950 USD
206-251-9002
222 G St SE, Quincy, WA for Sale
$399,950 USD
Apartments - FOR SALE
1/6
null | 7.44% 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
  • Not far from The Gorge so offers a possible hybrid scenario with retaining some long-term renters as well as short-term

OVERVIEW

Price reduced and currently commercially zoned mixed use (zoning change in process but can be halted if commercial is preferred). 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, electrical, plumbing including newer water heaters and a shared laundry room boost attractiveness to tenants.

FOR SALE DETAILS

PRICE

$399,950 USD

PRICE/SF

$200 USD /SF

# OF UNITS

4

PRICE/UNIT

$99,988

CAP RATE

7.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Columbia Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

Mixed Use Commercial

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 Notice.