925 E 18th Ave - Apartments FOR SALE


Ellensburg, WA 98926
$5,200,000 USD
509-494-3116
925 E 18th Ave, Ellensburg, WA for Sale
$5,200,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

925 E 18th Ave
Ellensburg, WA 98926


HIGHLIGHTS

  • Located directly across the street from Central Washington University
  • Well-maintained, prime value-add opportunity
  • Large courtyard to add outdoor amenities such as fire pits, BBQ space, bocce ball, etc.
  • Majority of systems replaced and updated
  • Ample recent improvements including eight renovated units, resealed parking lot, & more
  • Ability to raise rents with as-is unit interiors

OVERVIEW

Located directly across the street from Central Washington University, Campus Village is a well-maintained asset presenting a compelling value-add opportunity. Major building systems have been replaced and updated, and recent capital improvements include eight renovated units, a resealed parking lot, and additional upgrades throughout. With strong fundamentals already in place, investors have a clear path to increase rental rates through continued interior renovations of as-is units. The property also features a large central courtyard with the potential to add outdoor amenities such as fire pits, BBQ areas, and bocce ball, enhancing tenant appeal.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$73 USD /SF

# OF UNITS

41

PRICE/UNIT

$126,829

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Campus Village Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

92

LAND DETAILS

LAND ACRES

2.25 AC

LAND SF

98,010 SF

ZONING

RMD

APN/PARCEL ID

184034

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 Notice.