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1149 SW Cascade Ave 10 Unit Apartment Building $1,790,000 ($179,000/Unit) 5.91% Cap Rate Chehalis, WA 98532
EXECUTIVE SUMMARY
10-unit apartment complex with great rental history. Amazing investment without the headache. So much maintenance and updating has been done. Room to raise rents for additional upside potential. New siding, new insulation. All electrical updated: new exterior meters, new interior panels, new grounding rods. New roofs for both buildings. New main sewage and drainage lines. New windows - vinyl & double-paned. Ductless mini-split heat pumps for all units, providing AC/heat. Fresh landscaping. 22 space parking lot. Walking distance to schools, parks, restaurants, grocery and minutes from I-5. Don't miss this opportunity!
FINANCIAL SUMMARY (ACTUAL - 2025) 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 - 2025) 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 | $1,790,000 | Lot Size | 0.35 AC |
| Price Per Unit | $179,000 | Building Size | 7,552 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.91% | No. Stories | 2 |
| No. Units | 10 | Year Built | 1968 |
| Property Type | Multifamily | Parking Ratio | 2.91/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | R2 | ||
| Price | $1,790,000 |
| Price Per Unit | $179,000 |
| Sale Type | Investment |
| Cap Rate | 5.91% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 7,552 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 2.91/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Deck
- Double Pane Windows
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,175 | - |
| 2+1 | 8 | $1,283 | 696 |
1 1
PROPERTY TAXES
| Parcel Number | 005397-003-000 | Total Assessment | $731,400 (2024) |
| Land Assessment | $202,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $529,400 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
005397-003-000
Land Assessment
$202,000 (2024)
Improvements Assessment
$529,400 (2024)
Total Assessment
$731,400 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1149 SW Cascade Ave
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