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13717 NW 2nd Ave., Vancouver, WA 98685
191 Units | Multifamily
Multifamily Property - Off Market
- No. Units:
- Building Size:
- 222,778 SF
- Property Type:
- Property Sub-type:
- Property Use Type:
- Commission Split:
- Cap Rate:
- Lot Size:
- 15.90 AC
- Listing ID
- Last Updated
- over 1 year ago
The Willow Pointe Apartments is a luxury apartment complex located in Vancouver, Washington. For sale is a 16.7% interest in the development for a price of $4,000,000. The price is based on a capitalization rate of 5.5% on projected income and expenses. Willow Pointe consists of two separate parcels owned by two separate LLC' s, one consisting of 55 townhomes, the other consisting of 136 apartments. The price would include a 16.7% ownership interest in each entity. The townhomes are of a condominium quality and present a long-term conversion opportunity. The Seller intends to solicit offers on Willow Pointe with the intention of having the property in contract by Early 2012.
Located minutes from the I-5/I-205 interchange, Legacy Hospital, and the Washington State Vancouver campus, Willow Pointe is ideally situated for a multifamily apartment complex. Sitting on 2nd Avenue and 137th St. in the sought after area of Vancouver called Salmon Creek' Willow Pointe' s highly visible location and high traffic cross streets draw attention steady stream of prospective tenants.
Map of 13717 NW 2nd Ave., Vancouver, WA 98685 (Clark County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P