6721 W Kennewick Ave - Apartments FOR SALE


Kennewick, WA 99336
$2,485,000 USD
206-491-2008
6721 W Kennewick Ave, Kennewick, WA for Sale
$2,485,000 USD
Apartments - FOR SALE
1/12
null | 5.27% Cap Rate

6721 W Kennewick Ave
Kennewick, WA 99336


HIGHLIGHTS

  • Well-maintained turnkey asset with over $300K invested in CapEx to enchance the property's value with interior and exterior upgrades
  • The property boasts a 100% occupancy rate with no delinquency, providing a stable and reliable income stream as a long-term investment
  • Each unit features a 2-story layout with 2 bedrooms and 1.5 bathrooms; in-unit amenities include central A/C and private backyards
  • Thriving Local Economy: The Tri-Cities ranked 18th among the "Best Performing Cities in 2025" by the Milken Institute

OVERVIEW

Heritage Manor presents a prime investment opportunity at 6721 W Kennewick Ave, Kennewick, WA 99336. This turnkey property, recently renovated with over $300,000 in upgrades, features 10 well-maintained units, each offering a two-story townhouse-style layout with 2 bedrooms, 1.5 baths, central air conditioning, and private backyards. Occupying a 0.70-acre lot in the bustling Tri-Cities area, known for its rapid growth and strong employment sectors, Heritage Manor boasts a solid 5.27% CAP rate with 100% occupancy and no delinquencies, ensuring a stable income stream for savvy investors. With a Market CAP rate of 5.50%, this property promises long-term value and growth potential in an increasingly popular market. Don't miss out on this opportunity to own a piece of a thriving community in Eastern Washington!

FOR SALE DETAILS

PRICE

$2,485,000 USD

PRICE/SF

$259 USD /SF

# OF UNITS

10

PRICE/UNIT

$248,500

CAP RATE

5.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heritage Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

RM-4

APN/PARCEL ID

105891090002005

ASK ABOUT THIS PROPERTY

Chad BlenzBerkadiaMore Info
206-491-2008

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Chad BlenzBerkadiaMore Info
206-491-2008

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