Historical Multifamily Sale Listing - Bridgegate Apartments

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Bridgegate Apartments

825 32nd Street, Longview, WA 98632

N/A

127 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
127
Building Size:
100,749 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
9.50%
Gross Rent Multiplier:
6
Occupancy:
97%
Year Built:
1974
Lot Size:
6.95 AC
Listing ID
13313756
Last Updated
over 1 year ago

Highlights

  • Large 2 bedroom units
  • Great location
  • Below market rents
  • 1.9: 1 parking ratio
  • 12.76% cash on cash return
  • 75% assumable financing

Description

Attractive 1 & 2 story complex. Low density at 18 units per acre. Lots of parking, 1.9 spaces per unit. Patios and fenced yards, pool, basketball hoop, covered play area. 3-tab pitched roof, 7 buildings, 80 storage units, 16 washers & 16 dryers in laundry rooms.

Best location in Longview, only minutes from downtown. Public tansportation in front of building. 35+/- minutes north of Portland.

Map of 825 32nd Street, Longview, WA 98632

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Created 10/31/2001