401 N. Ash Street
Centralia, WA 98531 ·
30 Units · Multifamily For Sale
Edison Terrace Apartments
|Price||N/A||Gross Rent Multiplier||10|
|Building Size||21,375 SF||No. Stories||2|
|Property Type||Multifamily||Year Built||1994|
|Property Sub-type||Garden/Low-Rise||Lot Size||1.70 AC|
|Property Use Type||Investment||APN / Parcel ID||002102001000|
|Commission Split||2%||Parking Ratio||2 / 1,000 SF|
|Listing ID: 15629336||Date Created: 03/24/2008||Last Updated: 01/09/2009|
Edison Terrace Apartments - 7 - two story 4 plex's and 1 - duplex single story. Each units has 712 sqft. All are 2 bedroom and 1 full bath. All units have range, refer and dishwashers and space for washer and dwyers. Owners have done over $600,000 rehab on these units over the past twelve months. New interest and exterior paoint, hardi plank siding with cedar shake accents, also new carpet and vinyl. Most units have been completed. Room to raise rents. Current monthly rental income of $17,625 at 100% occupancy. Additional 1.62 acres available for expansion (20 more units) for $400,000.
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