Listed by Woodford Commercial RE, Bought with Realty One Group Enterprise
NOT LISTED FOR SALE
Studio
-- Bath
47,676 Sq Ft
2.13 Acres Lot

Sale Details

Date 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

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

2.13 Acres

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

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

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

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

Tax Info

  • Year: 2019
  • Tax Annual Amount: 23133

Multi Family

  • Number Of Units Total: 5
  • Electric Expense: 6905
  • UnitsBelowGrade: false
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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)

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1492057

Northwest Multiple Listing Service (NWMLS)
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