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157 Nevada Dr
Longview, WA 98632
Multifamily Property For Sale
·
8 Units
Executive Summary
Well maintained 8 Plex. 4 separate townhouse duplex units each on its own tax parcel. Units are approx 1093 square feet with 2 bedrooms, 1.5 baths, Vaulted ceilings, walk in closets and washer/dryer hookups. Each unit has a carport and 2 storage rooms. Private courtyards. Recent updates include Painting, New Roofs, Updated windows and flooring. 32x40 garage/shop with 200 amp service and a loft with 1/2 bath also on the property currently used for income and partially owner occupied. Four tax parcels are included in the sale. Most of the units are private and secluded set back off the road in a quiet wooded setting. Rents will be increased for 7 of the 8 units in July reflecting cap rate of over 5%.
Property Facts
| Price Per Unit | $237,500 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.86% | Lot Size | 0.35 AC |
| Gross Rent Multiplier | 14 | Building Size | 8,774 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1978 |
| Zoning | UR0 | ||
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| Cap Rate | 4.86% |
| Gross Rent Multiplier | 14 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 8,774 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
| Zoning | UR0 |
Amenities
Unit Amenities
- Dishwasher
- Storage Space
- Washer/Dryer Hookup
- Heating
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Range
- Tub/Shower
- Dining Room
- Double Pane Windows
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 8 | $1,438 | 1,093 |
Property Taxes
| Parcel Number | 6-121101 | Improvements Assessment | $353,320 |
| Land Assessment | $44,690 | Total Assessment | $398,010 |
Property Taxes
Parcel Number
6-121101
Land Assessment
$44,690
Improvements Assessment
$353,320
Total Assessment
$398,010
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