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Southgate Terrace Apartments 1100-1105 S Pearl St 36 Unit Apartment Building $5,000,000 ($138,889/Unit) 4.70% Cap Rate Centralia, WA 98531
INVESTMENT HIGHLIGHTS
- All one level strong rental income
- Broad tenant appeal
- Ideal for low-maintenance management
EXECUTIVE SUMMARY
Turnkey Multi-family property. All one level strong rental income. An incredibly rare offering - this 36 unit apartment complex features a single-level design spread over a spacious lot, ideal for low-maintenance management and broad tenant appeal. All one bedroom units, on-site laundry, tenant parking, well-maintained grounds. This is a solid income-producing property. The single-level design minimizes maintenance and maximizes efficiency-making this a smart choice for investors seeking stability and scale. All units currently rented.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $5,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $138,889 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.24 AC |
| Cap Rate | 4.70% | Building Size | 21,216 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 14.68 | No. Stories | 1 |
| No. Units | 36 | Year Built/Renovated | 1970/2008 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | Commercial | ||
| Price | $5,000,000 |
| Price Per Unit | $138,889 |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 14.68 |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.24 AC |
| Building Size | 21,216 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1970/2008 |
| Parking Ratio | 1/1,000 SF |
| Zoning | Commercial |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Dishwasher
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Yard
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 36 | $1,123 | 580 - 700 |
PROPERTY TAXES
| Parcel Number | 001934-014-000 | Total Assessment | $2,537,200 |
| Land Assessment | $324,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,213,200 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
001934-014-000
Land Assessment
$324,000
Improvements Assessment
$2,213,200
Total Assessment
$2,537,200
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Southgate Terrace Apartments | 1100-1105 S Pearl St
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