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1339 10th Ave, Longview 1339 10th Ave 6 Unit Apartment Building $749,900 ($124,983/Unit) 6.74% Cap Rate Longview, WA 98632
EXECUTIVE SUMMARY
Looking for an updated 6 plex to add to your portfolio? This cash producing 6 plex has been mostly updated with newer roof, floors, cabinets, paints, fixtures and more! Located in the heart of longview close to many amenities. Has good tenant history. Alley access, covered parking, and coin-op laundry are added benefits to this property. Fully occupied so please do NOT disturb tenants. Units can be viewed after a signed around contract. Coin op laundry provides additional $50ish dollars a month income
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$61,526
|
$7.89
|
| Other Income |
$75
|
$0.01
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$61,601
|
$7.90
|
| Taxes |
$4,775
|
$0.61
|
| Operating Expenses |
$6,670
|
$0.86
|
| Total Expenses |
$11,445
|
$1.47
|
| Net Operating Income |
$50,156
|
$6.43
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $61,526 |
| Annual Per SF | $7.89 |
| Other Income | |
|---|---|
| Annual | $75 |
| Annual Per SF | $0.01 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $61,601 |
| Annual Per SF | $7.90 |
| Taxes | |
|---|---|
| Annual | $4,775 |
| Annual Per SF | $0.61 |
| Operating Expenses | |
|---|---|
| Annual | $6,670 |
| Annual Per SF | $0.86 |
| Total Expenses | |
|---|---|
| Annual | $11,445 |
| Annual Per SF | $1.47 |
| Net Operating Income | |
|---|---|
| Annual | $50,156 |
| Annual Per SF | $6.43 |
PROPERTY FACTS
| Price | $749,900 | Apartment Style | Low-Rise |
| Price Per Unit | $124,983 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.74% | Building Size | 7,799 SF |
| Gross Rent Multiplier | 13.4 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.01/1,000 SF |
| Zoning | R04 | ||
| Price | $749,900 |
| Price Per Unit | $124,983 |
| Sale Type | Investment |
| Cap Rate | 6.74% |
| Gross Rent Multiplier | 13.4 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,799 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1965 |
| Parking Ratio | 1.01/1,000 SF |
| Zoning | R04 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $750.00 | 582 |
| 2+1 | 4 | $950.00 | 702 |
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Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 0-1003 | Total Assessment | $553,580 |
| Land Assessment | $82,480 | Annual Taxes | $4,775 ($0.61/SF) |
| Improvements Assessment | $471,100 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0-1003
Land Assessment
$82,480
Improvements Assessment
$471,100
Total Assessment
$553,580
Annual Taxes
$4,775 ($0.61/SF)
Tax Year
2024
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1339 10th Ave, Longview | 1339 10th Ave
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