This property is Off-Market
1516 - 1520 Brook Court
Ellensburg, WA 98926 ·
14 Units · Multifamily For Sale
Villa Normandy Apartments & Storage
|No. Units||14||Property Use Type||Investment|
|Building Size||16,096 SF||Commission Split||2.5%|
|Property Type||Multifamily||Cap Rate||7.40%|
|Listing ID: 17923433||Date Created: 11/20/2012||Last Updated: 08/08/2013|
14 Apartments plus 13 Storage Units on 3 tax parcels. This well located Property in the University Area consists of: two (2) 4-plexes built in 1971 and extensively renovated in 2009 to a "Like-New" Condition; One (1) 6-Plex with 13 (Mini) Storage Units built new in 2009. Assumable Loan with a 4.2% interest rate to a Qualified Investor (60% LTV). Seller financing available with as low as 10% down pymt.
Excellent "High Occupancy" rental location within walking distance to the Central Washington University. CWU reports a student population of 10,000 + and is projecting an increase of 50% to 15,000 over the next decade. The strong and increasing student population provides a high occupancy rate and stable rents for this WELL LOCATED RENTAL PROPERTY.
1516 - 1520 Brook Court, Ellensburg, WA 98926 (Kittitas County)
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