NOT LISTED FOR SALE
11 Beds
6 Baths
-- Sq Ft
0.26 Acres

Last Sold March 15, 2018

Last sale price $880,000

91 Days on Market

About This Home

As of March 2018

Well established 14 unit apartment spread over two parcels and three levels in each building, now available. This complex consists of 12 two bed, one bath units and 2 one bed, one bath units. This complex features onsite parking, potential coin-op laundry, and low maintenance lawn care. This property is offered at a 5.74% cap on current numbers and 9.01% cap on proforma numbers. This would make a great addition to a seasoned portfolio or a first time investor. Financials available upon request.

Last Agent to Sell the Property

Chris Roewe

Woodford Commercial RE License #23495 Listed on: 09/15/2017

Last Buyer's Agent

Chris Roewe

Woodford Commercial RE License #23495 Listed on: 09/15/2017

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1194636

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,125

Year Built

  • Built in 1968

Lot Details

  • 0.26

Parking

  • 10 Parking Spaces

Home Design

  • Poured Concrete
  • Vinyl Construction Material

Flooring

  • Wall to Wall Carpet
  • Vinyl

Additional Features

  • 3-Story Property
  • 0.26 Acre Lot

Community Details

  • Longview Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0869603

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,125

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1968
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Must show, attend insp/apprsl to receive
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: See Remarks
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 10
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Cowlitz PUD
  • SewerCompany: City of Longview
  • WaterCompany: City of Longview
  • WaterSewerGarbage: 16000

Schools

  • Junior High Dist: Longview

Lot Info

  • Parcel Number: 0869603
  • Lot Size Acres: 0.264
  • Lot Size Sq Ft: 11500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 107040

Multi Family

  • Gross Scheduled Income: 107040
  • Net Operating Income: 52873
  • Number Of Units Total: 14
  • Electric Expense: 1800
  • Insurance Expense: 3021
  • UnitsInBuildingTotal: 14
  • UnitsBelowGrade: true
  • VacancyRate: 3

Tax Info

  • Year: 2017
  • Tax Annual Amount: 7125

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2018 03/15/18 Sold $880,000 -4.3% --
12/19/2017 12/19/17 Pending -- -- --
09/18/2017 09/18/17 For Sale $920,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1194636

Northwest Multiple Listing Service (NWMLS)