WA > Longview
Longview, WA 98632,285 22ND AVE
Longview, WA 98632,285 22ND AVE
Longview, WA 98632,285 22ND AVE
Longview, WA 98632,285 22ND AVE
Longview, WA 98632,285 22ND AVE
Longview, WA 98632,285 22ND AVE
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Shannon Lambert

Shannon Lambert

+1(503) 347-0159
Listed by Keller Williams Realty
$ 4,200,000
Est. payment | /mo

18,400 SqFt

Save
$ 4,200,000
Est. payment | /mo
Save

18,400 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 18,400 sqft

Price per Sqft $228

MLS Listing ID 24254219

Year Built 2023

Annual Tax Amount $26,925

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 16 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder’s warranty in 2024. Fire sprinklers! Offers a remarkable 6.5% Cap Rate on Year 1 stabilized, 11.5 GRM & 24% Expense Ratio. 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

Regional Multiple Listing Service (RMLS)
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 347-0159

homeinsightshannon@gmail.com

1112 Daniels St, Suite 102-D, Vancouver, 98660, USA

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285 22ND AVE