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3244 Old Lewis River Rd 4 Unit Apartment Building $925,000 ($231,250/Unit) 5.31% Cap Rate Woodland, WA 98674
INVESTMENT HIGHLIGHTS
- Next to Lewis River Golf Course
- Fully rented with long time renters
- Potential to add additional 4-Plex
EXECUTIVE SUMMARY
Great investment opportunity! 4-Plex located in the beautiful Woodland area near Lewis River Golf Course. Fully rented with long time renters. 4-Plex has 2 bedrooms and 1 bath with laundry located on property. Renters enjoy quiet living and nice setting. Potential to add additional 4-Plex on the same property. Don't miss this opportunity!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $925,000 | Property Subtype | Apartment |
| Price Per Unit | $231,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.73 AC |
| Cap Rate | 5.31% | Building Size | 3,472 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 25.36 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1972 |
| Property Type | Multifamily | Parking Ratio | 1.75/1,000 SF |
| Price | $925,000 |
| Price Per Unit | $231,250 |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 25.36 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 3,472 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.75/1,000 SF |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,150 | 868 |
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PROPERTY TAXES
| Parcel Number | 6-280603 | Total Assessment | $516,960 |
| Land Assessment | $71,560 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $445,400 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
6-280603
Land Assessment
$71,560
Improvements Assessment
$445,400
Total Assessment
$516,960
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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3244 Old Lewis River Rd
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