$ 1,050,000
263 20TH AVE Longview, WA 98632
Save 
Share Schedule a Tour
REQUEST A TOUR
In-PersonVirtual Tour
REQUEST A TOUR
In-PersonVirtual Tour
Listed by Keller Williams Realty
$ 1,050,000
Est. payment | /mo
4,600 SqFt
$ 1,050,000
Est. payment | /mo
4,600 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $228
MLS Listing ID 24585293
Year Built 2023
Annual Tax Amount $6,731
Tax Year 2023
Property Description
Incredible turnkey multifamily investment! Professionally managed, newly-built townhouse-style rental units are a passive investor’s dream. Built in 2023 these 4 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder’s warranty in 2024. Fire sprinklers! Offers a remarkable 6.0% Cap Rate on Year 1 stabilized, 11.67 GRM. 100% occupancy w/ tenant wait list. Mostly market rate tenants but also Section 8 approved, for consistent income. Option for 1-3 more fourplex under devt, if larger portfolio is desired. Offering is for portfolio of 4 fourplexes but open to offers for individual 4plex(es). Addresses: 285 22nd Ave, 263 20th Ave, 259 20th Ave, 257 20th Ave. All separate parcels.
Location
State WA
County Cowlitz
Area _82
Zoning 4 Plex
Interior
Heating Wall Heater
Cooling None
Exterior
Roof Type Composition
Parking Type Paved
Garage No
Building
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Kessler
Middle Schools Monticello
High Schools Ra Long
Others
Acceptable Financing Cash, Conventional, FHA, OwnerWillCarry
Listing Terms Cash, Conventional, FHA, OwnerWillCarry
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "