616 Columbia Ave - Multi-Family FOR SALE


Bridgeport, WA 98813
$574,900 USD
509-670-6204
616 Columbia Ave, Bridgeport, WA for Sale
$574,900 USD
Multi-Family - FOR SALE
1/30
null | 9.78% Cap Rate

616 Columbia Ave
Bridgeport, WA 98813


OVERVIEW

Multifamily Investment Opportunity in Bridgeport with solid financials. Currently fully rented, this recently remodeled seven-unit apartment complex offers impressive returns with a strong 9.8% Net Cap Rate and tremendous 7.75% Gross Rent Multiplier! New improvements include a brand new TPO roof, interior remodels to units, and new exterior paint. Low operating costs and cheap utilities make this a high-efficiency investment. With the building totaling 4,228 square feet of one-level living, this property also features a shared laundry room and large backyard which includes a versatile 416 square foot shop for storage or additional income. Located in a central area of Washington with stable rental demand. Ideal for investors seeking reliable cash flow and long-term upside. **Seller Financing Available** With reasonable financing terms from the Seller, you can acquire this great income-producing property AND keep the mortgage off your books, bureaus, ratios, etc. Leases and Financials available upon request.

FOR SALE DETAILS

PRICE

$574,900 USD

PRICE/SF

$136 USD /SF

# OF UNITS

7

PRICE/UNIT

$82,129

CAP RATE

9.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

Residential

APN/PARCEL ID

00202701300

ASK ABOUT THIS PROPERTY

Paul HarrisonColdwell Banker LaVigneMore Info
509-670-6204

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Paul HarrisonColdwell Banker LaVigneMore Info
509-670-6204

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