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Granite Apartments 1311 W Shoshone St 9 Unit Apartment Building $1,350,000 ($150,000/Unit) 6.37% Cap Rate Pasco, WA 99301
Investment Highlights
- Turn-key property in one of the WA State's most desired markets, The Tri-Cities
- In-unit laundry hookups & spacious yard space
- Situated near major employers including Lourdes Hospital, Columbia Basin College, Amazon's Fulfillment Center, & more
- Over $200,000 in recent capital improvements
- Strong in-place rents proving rental demand
- Located in the Tri-Cities' fastest growing city of Pasco
Property Facts
| Price | $1,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.39 AC |
| Cap Rate | 6.37% | Building Size | 6,521 SF |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1949/2022 |
| Property Subtype | Apartment | Parking Ratio | 0.22/1,000 SF |
| Zoning | R-2 | ||
| Price | $1,350,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 6.37% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 6,521 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1949/2022 |
| Parking Ratio | 0.22/1,000 SF |
| Zoning | R-2 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 571 - 650 |
| 3+1 | 1 | - | 1,100 |
| 2+1 | 3 | - | 750 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 112-242-190 | Improvements Assessment | $328,200 |
| Land Assessment | $113,600 | Total Assessment | $441,800 |
Property Taxes
Parcel Number
112-242-190
Land Assessment
$113,600
Improvements Assessment
$328,200
Total Assessment
$441,800
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Granite Apartments | 1311 W Shoshone St
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