This Multifamily Property is Off-Market.

401 N. Ash Street
Centralia, WA 98531 ·

30 Units · Multifamily For Sale

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Edison Terrace Apartments

Price N/A Gross Rent Multiplier 10
No. Units 30 Occupancy 100%
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
Cap Rate 6.20%
Listing ID: 15629336 Date Created: 03/24/2008 Last Updated: 01/09/2009

Description

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.

Centralia, Washington

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401 N. Ash Street, Centralia, WA 98531 (Lewis County)

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