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855.375.4001
Listing Courtesy of: Jonathan Nicoli - CENTURY 21 Real Estate Center 425-775-8525 Provided by Northwest MLS
$4,200,000 affordable loan icon Calculate Payment

285 22nd Avenue Longview, WA 98632

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Multi-Family Residence
Beds
Baths
... Bed/Bath
18,400 Sq. Ft.
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Last updated on 12/4/2024 7:22 PM

Listing Details

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% Ca...p 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. Continue reading
MLS#
2301606
Property Type
Multi-Family
Status
Year Built
2023
Square Feet
18,400 sq. ft
Sewer
Sewer Connected
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Listing Courtesy of: Jonathan Nicoli - CENTURY 21 Real Estate Center 425-775-8525 Provided by Northwest MLS
Andrea Conner, License # 26653, Xome Inc. License # 19003, [email protected], 844-400-XOME (9663), 1411 4th Avenue, Seattle, WA 98101


Based on information submitted to the MLS GRID as of 12/4/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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