This Multifamily Property is Off-Market.

825 32nd Street
Longview, WA 98632 ·

127 Units · Multifamily For Sale

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Bridgegate Apartments

Price N/A Cap Rate 9.50%
No. Units 127 Gross Rent Multiplier 6
Building Size 100,749 SF Occupancy 97%
Property Type Multifamily Year Built 1974
Property Sub-type Garden/Low-Rise Lot Size 6.95 AC
Property Use Type Investment
Listing ID: 13313756 Date Created: 10/31/2001 Last Updated: 12/11/2002

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.

Highlights

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

Research

825 32nd Street, Longview, WA 98632 (Cowlitz County)

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