Provided by NWMLS, Listed by CENTURY 21 Real Estate Center
Active
285 22nd Avenue
Longview WA, 98632
$4,200,000
$228.26 per sqft
Active
18,400 sqft
Multi-family
Built in 2023
Incredible turnkey multifamily investment! Professionally managed, newly-built townhouse-style rental units are a passive investor's dream. Built in 2023 these 16 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder's warranty in 2024. Fire sprinklers! Offers a remarkable 6.5% Cap Rate on Year 1 stabilized, 11.5 GRM & 24% Expense Ratio. 100% occupancy w/ tenant wait list. Mostly market rate tenants but also Section 8 approved, for consistent income. Option for 1-3 more fourplex under devt, if larger portfolio is desired. Offering is for portfolio of 4 fourplexes but open to offers for individual 4plex(es). Addresses: 285 22nd Ave, 263 20th Ave, 259 20th Ave, 257 20th Ave. All separate parcels.
2301606
MLSⓇ ID
October 14, 2024
Listed
November 22, 2024
Updated
Map
285 22nd Avenue
Longview WA, 98632
Interior Features
Total Stories
2
Interior Features
Ceramic Tile, Wall to Wall Carpet
Floor Description
Ceramic Tile, Carpet
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Unit(s)
Exterior/Building Features
Lot Size
0.44 Acres
Exterior Features
Wood Products
Lot Features
Adjacent to Public Land, Alley, Dead End Street, Open Space, Paved, Sidewalk
Roof
Composition
Sewer
Available, Sewer Connected
School Information
School District
Longview
High School
R A Long High
Elementary School
Kessler Elem
Other Property Details
Area Name
402 - Highlands
Taxes
$796
Tax Frequency
Annually
Garage
No
Parking Total
16
View
No
County
Cowlitz
Water Source
Public
Pool
No
The IDX display presents information sourced from the Northwest Multiple Listing Service as of 11/24/2024. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 11/24/2024 at 8:00 PM UTC . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Data last updated on 11/24/2024 at 8:00 PM UTC