1525 N 16th Ave | Pasco, WA 99301
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- LoopNet Team
1525 N 16th Ave
Pasco, WA 99301
Victory Manor Apartments · Multifamily Property For Sale
·
31 Units
INVESTMENT HIGHLIGHTS
- Unique community of 31 apartment units and 34 storage units, offering tenants efficient floor plans with ample additional storage space or garage park
- Strong in place cash flow with significant remaining upside of over $50K in EGI through recapturing loss to lease.
- 81% (25 out of 31) units are fully renovated.
- Heavy lifting complete with all units renovated within the past two years, at an approximate average cost of $10K per unit.
- Property includes 34 storage units, 26 full size garages and 8 additional locker type units.
PROPERTY FACTS
| No. Units | 31 | Building Size | 21,744 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1979/2022 |
| Building Class | C | Parking Ratio | 3.16/1,000 SF |
| Lot Size | 1.15 AC |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.15 AC |
| Building Size | 21,744 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2022 |
| Parking Ratio | 3.16/1,000 SF |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Kitchen
- Stainless Steel Appliances
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 31 | - | 650 |
PROPERTY TAXES
| Parcel Number | 113-354-228 | Improvements Assessment | $3,329,300 |
| Land Assessment | $292,000 | Total Assessment | $3,621,300 |
PROPERTY TAXES
Parcel Number
113-354-228
Land Assessment
$292,000
Improvements Assessment
$3,329,300
Total Assessment
$3,621,300
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