This property is Off-Market

1516 - 1520 Brook Court
Ellensburg, WA 98926 ·

14 Units · Multifamily For Sale

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Villa Normandy Apartments & Storage

Price N/A Property Sub-type
Garden/Low-Rise
More...
  • Self/ Mini-Storage Facility
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

Description

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.

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1516 - 1520 Brook Court, Ellensburg, WA 98926 (Kittitas County)

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