917 Pioneer Ave - Apartments FOR SALE


Cashmere, WA 98815
$12,400,000 USD
509-410-1990
917 Pioneer Ave, Cashmere, WA for Sale
$12,400,000 USD
Apartments - FOR SALE
1/83
null | 6.27% Cap Rate

917 Pioneer Ave
Cashmere, WA 98815


HIGHLIGHTS

  • High-quality construction features large unit sizes and includes LVP flooring, high ceilings, extra storage, efficient appliances, and large closets.
  • In the heart of Cashmere, just 12 miles from Wenatchee and 11 miles from Leavenworth, tenants have multiple employment and recreation opportunities.
  • Fully leased, Pioneer Apartments has proved demand with stable renewals and minimal turnover.

OVERVIEW

Pioneer Apartments is a newly-built 48-unit apartment community in Cashmere, WA. With five floor plans ranging from 1bed/1bath to 3bed/2bath the average unit size is a generous 1,043 square feet. The asset is fully stabilized with proven market rents across each spacious floor plan. Units feature LVP flooring and carpet, high ceilings, efficient appliances including a washer and dryer and air conditioning, as well as extra storage. These large units have attracted high-quality residents who want to be close to Wenatchee and Leavenworth without the hustle and bustle that comes with living in a larger town.

FOR SALE DETAILS

PRICE

$12,400,000 USD

PRICE/SF

$186 USD /SF

# OF UNITS

48

PRICE/UNIT

$258,333

CAP RATE

6.27%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pioneer Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.91 AC

LAND SF

126,760 SF

ZONING

Multifamily

APN/PARCEL ID

231905510135

ASK ABOUT THIS PROPERTY

Mason FiasconeMultifamily MasonMore Info
509-410-1990

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Mason FiasconeMultifamily MasonMore Info
509-410-1990

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