Residential For Sale, Multi-Family (2-4 Units) 285 22nd Ave, Longview, Washington 98632, USA

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Homes For Sale: USA Washington Longview 285 22nd Ave

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$4,200,000 USD

285 22nd Ave
Longview, Washington 98632
USA

1,709.36 m² :: 18,400 sqft

48 bedrooms

16 full baths, 16 half baths

Residential For Sale, Multi-Family (2-4 Units)

Land size: 0.18 ha :: 0.44 acres

Sale price per sqm: 2,456.98

Tax: 26,925 USD

Jonathan Nicoli
CENTURY 21 Real Estate Center
19020 33rd Ave W. Suite 300,
Lynnwood, 98036, United States

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Remarks:

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.

Features:

Year Built: 2023
Style: 2 stories
Exterior Description: Wood Siding
Property Features: Deck
Floors: Wall to wall carpeting, Tile, Ceramic tile
Heating System: Electric
Lot Description: Sidewalks, Sprinkler System
Roofing: Composition/shingle

Location:

285 22nd Ave, Longview, Washington 98632, USA

Listed By CENTURY 21 Real Estate Center

The Residential For Sale, Multi-Family (2-4 Units) located at 285 22nd Ave, Longview, Washington 98632, USA is currently for sale. 285 22nd Ave, Longview, Washington 98632, USA is listed for $4,200,000 USD. This property has 48 bedrooms, 16 full baths, 16 half baths and 18,400 sqft. If the property located at 285 22nd Ave, Longview, Washington 98632, USA isn't what you're looking for, search Washington Real Estate to see other Homes For Sale in Longview.

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