Historical Multifamily Sale Listing - Edison Terrace Apartments

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Edison Terrace Apartments

401 N. Ash Street, Centralia, WA 98531

N/A

30 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
30
Building Size:
21,375 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
6.20%
Gross Rent Multiplier:
10
Occupancy:
100%
No. Stories:
2
Year Built:
1994
Lot Size:
1.70 AC
APN / Parcel ID:
002102001000
Parking Ratio:
2 / 1,000 SF
Listing ID
15629336
Last Updated
over 1 year ago

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

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

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Created 3/24/2008