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285 22nd Ave
Longview, WA 98632
Waveview Homes · Multifamily Property For Sale
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16 Units
Investment Highlights
- Portfolio of four (4) 2023 newly built Townhouse-style fourplexes all 3-bedroom & 1.5-bath units w/ 1,150 SF living space - all under builder warranty
- Options to purchase the entire portfolio, individual fourplexes, or add 1-2 more fouplexes (under development)
- Stabilized Year 1 Cap Rate 6.48% & 11.55 GRM with 24% Expense Ratio
- Flexible exit strategy: Portfolio sale, fourplex(es) sale, townhouse-condo sale or cash out refinancing w/ the high cap rates
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Eat-in Kitchen
- Refrigerator
- Sprinkler System
- Carpet
- Dining Room
- Family Room
Site Amenities
- 24 Hour Access
- Recycling
- Trash Pickup - Curbside
- Walking/Biking Trails
- Storage Space
- Composting
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 16 | $1,950 | 1,150 |
Property Taxes
| Parcel Number | 0-4246 | Improvements Assessment | $719,840 |
| Land Assessment | $101,230 | Total Assessment | $821,070 |
Property Taxes
Parcel Number
0-4246
Land Assessment
$101,230
Improvements Assessment
$719,840
Total Assessment
$821,070
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