Columbia Apartments 222 G St SE 4 Unit Apartment Building $425,000 ($106,250/Unit) 7% Cap Rate Quincy, WA 98848

Price reduced and currently commercially zoned mixed use (zoning change in process but can be halted if commercial is preferred). Quincy's rise as the "Center of the Cloud" and #1 in STR properties with its proximity to the Gorge (George, WA) ensures economic stability and abundant sunshine, making it an ideal investment hub. The Columbia Apartments epitomize a landlord's dream with low maintenance and constant occupancy. Featuring vinyl windows, updated plumbing, new water tanks, modern flooring, and a sturdy metal roof, alongside ample parking. The complex includes a central utility room, prepped with newer washer and dryer. Strategically located near markets, restaurants, and cafes on F Street SE & Central Ave S, this turnkey 4-plex investment offers fully-rented units with potential for rent increases or conversion to partial STRs or full STRs. Recent updates in paint, flooring, electrical, plumbing including newer water heaters and a shared laundry room boost attractiveness to tenants.