Bought with Westlake Associates, Inc.
$1,975,000
$1,625,000
21.5%For more information regarding the value of a property, please contact us for a free consultation.
16,749 SqFt
SOLD DATE : 12/08/2021
Key Details
Sold Price $1,975,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 16,749 sqft
Price per Sqft $117
Subdivision Castle Rock
MLS Listing ID 1845991
Sold Date 12/08/21
Style 56 - 10+ Units
Year Built 1976
Annual Tax Amount $13,289
Lot Size 1.210 Acres
Property Sub-Type Multi-Family
Property Description
6.05% CAP -East Village Apts!! This 19 unit building is made up of one 1Bed/1Ba, one Studio and 17 townhouse style 2Bed/1.5Ba units. Once this building has stabilized rents of $1,000 for the 2bed units, the income will push this asset to a 7.95% Cap Rate. Please see attached offering memorandum for more information
Location
State WA
County Cowlitz
Area 414 - North County
Interior
Interior Features Wall to Wall Carpet, Laminate
Flooring Laminate, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Wood Products
Utilities Available Sewer Connected, Electric
View Y/N No
Roof Type Composition
Building
Lot Description Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Castle Rock
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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