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Beezley Vista Apartments 307 6th Ave SE 36 Unit Apartment Building $6,800,000 ($188,889/Unit) 6.52% Cap Rate Quincy, WA 98848
INVESTMENT HIGHLIGHTS
- Large unit layouts averaging 1,156 sqft comprised of majority 3 & 2 bedroom units
- Attractive in-place and proforma cap rate
- Located in one of the state's fastest growing markets of Quincy, largely due to its influx of data centers
- Very strong in-place rents averaging $1,508 per month with room to increase 6%
- Quality tenant amenities including ample parking, back patios, and an on-site kids playground, attracting families
- Located 25 minutes from Wenatchee & 35 minutes from Moses Lake
EXECUTIVE SUMMARY
This newly built multifamily complex offers spacious 2- and 3-bedroom units averaging 1,156 sq. ft., with strong in-place rents and 6% upside potential. Located in fast-growing Quincy near parks, schools, and hydroelectric power sources, it’s ideal for families and benefits from lower utility costs. Tenant-friendly amenities include ample parking, private patios, and a kids' playground. Strong in-place and proforma cap rates make this a compelling investment opportunity.
PROPERTY FACTS
| Price | $6,800,000 | Building Class | C |
| Price Per Unit | $188,889 | Lot Size | 3.08 AC |
| Sale Type | Investment | Building Size | 41,600 SF |
| Cap Rate | 6.52% | Average Occupancy | 100% |
| No. Units | 36 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 2.02/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $6,800,000 |
| Price Per Unit | $188,889 |
| Sale Type | Investment |
| Cap Rate | 6.52% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.08 AC |
| Building Size | 41,600 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2023 |
| Parking Ratio | 2.02/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer
- Ceiling Fans
- Stainless Steel Appliances
- Patio
SITE AMENITIES
- 24 Hour Access
- Playground
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 909 |
| 2+2 | 12 | - | 1,120 |
| 3+2 | 16 | - | 1,306 |
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PROPERTY TAXES
| Parcel Number | 314114000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,917,960 |
PROPERTY TAXES
Parcel Number
314114000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,917,960
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Beezley Vista Apartments | 307 6th Ave SE
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