NOT LISTED FOR SALE
-- Bed
-- Bath
47,676 Sq Ft
2.13 Acres

Last Sold November 15, 2019

Last sale price $4,625,000 $97 Per Sq Ft

51 Days on Market

About This Home

As of November 2019

Alder Terrace offers an investor the opportunity to improve & grow a seasoned apt complex. There are (3)1BD/1BA, (54)2BD/1BA, (7)3BD/1BA, single fam home, & onsite storage. This complex has 47,767 rentable SF w/ sep metered utilities. Located close to the industrial areas w/ access to I-5 & the Rainier Bridge. Market trends show great potential for rent increases w/ the lack of available housing.

Last Agent to Sell the Property

Chris Roewe

Woodford Commercial RE License #23495 Listed on: 07/17/2019

Last Buyer's Agent

Kevin Zellmer

Realty One Group Enterprise License #27736

Realty One Group Enterprise

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1492057

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,133

Year Built

  • Built in 1943

Lot Details

  • 2.13 Acre Lot
  • Street terminates at a dead end

Parking

  • 69 Parking Spaces

Home Design

  • Block Foundation
  • Bitumen Roof
  • Vinyl Construction Material

Interior Spaces

  • 47,676 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Community Details

  • Highlands Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00453

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,133

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1943
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 47676
  • Special Features: None
  • Cumulative Days on Market: 334

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks,Storage

Exterior Features

  • Roof: Torch Down
  • Lot Features: Alley, Curbs, Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Block
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 69
  • 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: 9089

Schools

  • Junior High Dist: Longview

Lot Info

  • Parcel Number: 00453
  • Lot Size Acres: 2.1268
  • Lot Size Sq Ft: 92645
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 8
  • LeasedItems: None
  • TotalMonthlyIncome: 49750

Multi Family

  • Gross Scheduled Income: 597450
  • Net Operating Income: 356872
  • Number Of Units Total: 5
  • Electric Expense: 6905
  • Insurance Expense: 18672
  • Leasable Area: 47676
  • UnitsInBuildingTotal: 65
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2019
  • Tax Annual Amount: 23133

Range of Values:

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List Price
Sold Price
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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
11/15/2019 11/15/19 Sold $4,625,000 0.0% $97 / Sq Ft
09/06/2019 09/06/19 Pending -- -- --
07/17/2019 07/17/19 For Sale $4,625,000 -- $97 / Sq Ft
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: 1492057

Northwest Multiple Listing Service (NWMLS)