Your rare opportunity to own a 57 unit, five story apartment building! Property has 29 one bedroom, 18 studio and 10 two bedroom units, all with single bathrooms, and full basement with community laundry, bathrooms, and rec area. All floors accessible by elevator, and each unit has the opportunity to be individually metered. Each room is serviced by electric heat, and newer vinyl thermo pane windows have been installed throughout the building. The units are very spacious, clean and well maintained. The building is a concrete and brick structure that was originally started in 1929 as two levels, and the additional top 3 levels were added in the early 1950's. Property currently has over a 7.3% cap rate, with a projected 8%+ cap rate in 2024! The building is serviced by the local PUD utility.
Metaline Falls is located in Washington. Metaline Falls, Washington has a population of 180. Metaline Falls is less family-centric than the surrounding county with 25.53% of the households containing married families with children. The county average for households married with children is 27.18%.
The median household income in Metaline Falls, Washington is $26,691. The median household income for the surrounding county is $49,184 compared to the national median of $57,652. The median age of people living in Metaline Falls is 52.9 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 20.4 degrees. The average rainfall is approximately 24.5 inches per year, with 55.9 inches of snow per year.