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Browse More Listings in Multifamily For Sale, Richland, WA or Washington

Multifamily Property For Sale

Twin Dolphins

160 Van Giesen St., Richland, WA 99354

Price:
$1,630,000
No. Units:
39
Building Size:
26,706 SF
Price/Unit:
$41,794.87
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
8.25%
Occupancy:
100%
Find Out More...

Last Verified 10/21/2009 Listing ID 16440928

Description

Unique combination of a high cap rate investment (8.25%) in a growing higher quality tertiary marketplace. Richland is centered between Seattle, Portland, and Spokane on the sunny side of Washington. It is the fastest growing metropolitan area in the state, as reported by MSNBC, it is one of 7% of areas within the USA that has avoided the recession.

The Seller's representative also has offered to sell two other Richland apartment communities. Those properties are the Twin Dolphins (adjacent to Creekside Apartments) and River Park Apartments. Because the makeup of the property ownerships vary, offers for each property will have to be considered separately.

Richland, WA

Financial Summary

Actual
Net Operating Income
$134,475

Map of 160 Van Giesen St., Richland, WA 99354 (Benton County)

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Mark Zoffel (206) 292-1600

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Created 10/21/2009

Additional Information for 160 Van Giesen Street, Richland, WA 99354

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 160 Van Giesen St., Richland, WA 99354

Nearby Multifamily properties for saleSearch all commercial real estate for sale

Creekside
$4,640,000
88 Units

Nearby Recently Sold Multifamily propertiesSearch all recently sold commercial real estate

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.

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Multifamily Property For Sale - Twin Dolphins

160 Van Giesen St., Richland, WA, 99354