307 6th Ave SE - Apartments FOR SALE


Quincy, WA 98848
$6,800,000 USD
509-494-3116
307 6th Ave SE, Quincy, WA for Sale
$6,800,000 USD
Apartments - FOR SALE
1/9
null | 6.52% Cap Rate

307 6th Ave SE
Quincy, WA 98848


HIGHLIGHTS

  • Large unit layouts averaging 1,156 sqft comprised of majority 3 & 2 bedroom units
  • Very strong in-place rents averaging $1,508 per month with room to increase 6%
  • Attractive in-place and proforma cap rate
  • Quality tenant amenities including ample parking, back patios, and an on-site kids playground, attracting families
  • Located in one of the state's fastest growing markets of Quincy, largely due to its influx of data centers
  • Located 25 minutes from Wenatchee & 35 minutes from Moses Lake

OVERVIEW

This newly built multifamily complex offers spacious 2- and 3-bedroom units averaging 1,156 sq. ft., with strong in-place rents and 6% upside potential. Located in fast-growing Quincy near parks, schools, and hydroelectric power sources, it’s ideal for families and benefits from lower utility costs. Tenant-friendly amenities include ample parking, private patios, and a kids' playground. Strong in-place and proforma cap rates make this a compelling investment opportunity.

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

36

PRICE/UNIT

$188,889

CAP RATE

6.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beezley Vista Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

PARKING SPACES

84

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

314114000

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.