Listed by Woodford Commercial RE, Bought with RE/MAX Premier Group
NOT LISTED FOR SALE
6 Beds
6 Baths
18,289 Sq Ft
17,999 Sq Ft Lot

Last Sold December 15, 2014

Last sale price $1,150,000 $63 Per Sq Ft

21 Days on Market

Highlights

  • 0.41 Acre Lot
  • Corner Lot
  • 1-minute walk to Vandercook Park
  • Wood Flooring

About This Home

As of December 2014

The Blackstone Apartments offer an investor the opportunity to own one of the nicer apartment complexes in a stable and well located area within Longview. The Blackstone offers a 7.05 Cap rate or return rate, with a cash on cash rate of 9%, & an IRR with tax benefits of almost 33% return. The Blackstone consists of (7) studio apartments, (15) 1-bed 1-bath apartments, (5) 2-bed 1-bath apartments, and (10) garage units. Call today for a back up package for this property.

Last Agent to Sell the Property

Chris Roewe

Woodford Commercial RE License #23495 Listed on: 08/14/2014

Last Buyer's Agent

Trey Davis

RE/MAX Premier Group License #75612

RE/MAX Premier Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 682575

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,137

Year Built

  • Built in 1926

Lot Details

  • 0.41 Acre Lot
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Bitumen Roof

Interior Spaces

  • 18,289 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 10 Parking Spaces
  • 10 Covered Spaces
  • Open Parking

Community Details

  • Old West Side Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0-0040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,137

Year Built

Built in 1926

Lot Details

0.41 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1926
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 18289
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Torch Down
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Property Condition: Fair
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric

Schools

  • Junior High Dist: Longview

Lot Info

  • Parcel Number: 0-0040
  • Lot Size Acres: 0.4132
  • Lot Size Sq Ft: 18000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County Records
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 7
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 13515

Tax Info

  • Year: 2014
  • Tax Annual Amount: 16137

Multi Family

  • Number Of Units Total: 27
  • Electric Expense: 2458
  • UnitsBelowGrade: true
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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 List to Sale Price per Sq Ft
12/15/2014 12/15/14 Sold $1,150,000 0.0% $63 / Sq Ft
09/05/2014 09/05/14 Pending -- -- --
08/14/2014 08/14/14 For Sale $1,150,000 -- $63 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $16,615 $1,923,920 $364,050 $1,559,870
2023 $17,010 $1,923,920 $364,050 $1,559,870
2022 $18,491 $1,923,920 $364,050 $1,559,870
2021 $20,047 $1,863,930 $364,050 $1,499,880
2020 $18,600 $1,820,240 $364,050 $1,456,190
2019 $12,871 $1,773,024 $239,600 $1,533,424
2018 $15,669 $1,197,990 $239,600 $958,390
2017 $15,420 $1,197,990 $239,600 $958,390
2016 $15,091 $1,197,990 $239,600 $958,390
2015 -- $1,197,990 $239,600 $958,390
2013 -- $1,197,990 $239,600 $958,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 682575

Northwest Multiple Listing Service (NWMLS)
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