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Garden Terrace Apartments 319 S Tonasket Ave 11 Unit Apartment Building $1,100,000 ($100,000/Unit) 5.45% Cap Rate Tonasket, WA 98855
EXECUTIVE SUMMARY
Well cared for 11-unit apartment complex in Tonasket. The property has recently been given a fresh coat of exterior paint, giving it a clean look from the street. Inside, most units have been updated over time, while each apartment includes its own window A/C unit to keep tenants comfortable during the summer months. The complex shows pride of ownership with consistent maintenance, making it an easy property to step into and manage. It offers reliable rental income today with room for future improvements if a new owner chooses. Multi-unit opportunities like this are not often available in the Tonasket area, making this a solid investment with both stability and potential.
PROPERTY FACTS
| Price | $1,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $100,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 5.45% | Building Size | 6,920 SF |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,100,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 6,920 SF |
| No. Stories | 3 |
| Year Built | 1967 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $429,600 | |
| Land Assessment | $41,300 | Total Assessment | $470,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$41,300
Improvements Assessment
$429,600
Total Assessment
$470,900
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Cb Cascade - Lake Chelan
Garden Terrace Apartments | 319 S Tonasket Ave
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