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520 Columbia St - 520 Columbia St Cathlamet - Stunning Triplex 3 Unit Apartment Building Offered at $739,000 at a 6.68% Cap Rate Cathlamet, WA 98612
INVESTMENT HIGHLIGHTS
- Beautifully Remodeled Triplex
EXECUTIVE SUMMARY
MOTIVATED SELLERS! Lot next door with plans can be included as package deal for a great price! RARE INVESTMENT OPPORTUNITY!! Fully remodeled in 2024, this triplex near downtown Cathlamet offers three turnkey units with modern finishes and thoughtful design. The property includes two 2-bedroom, 1-bath units and studio unit, each featuring abundant natural light and comfortable living. Full studs out remodel with all new electrical, plumbing, siding, roof, windows, heating and cooling and so much more! The larger units showcase stunning views of the Cathlamet Channel leading into the Columbia River, along with views of the bridge & surrounding landscapes. 3 car garage for parking and storage! Conveniently located within walking distance to local schools & all of downtown’s shopping, dining, and amenities, this triplex is fully equipped and ready for its next cash-flowing owner. Great property for owner occupied buyers or to add to your investment portfolio. Reach out for more features and details on this remarkable 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 |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $1,800 | 1,260 |
| 1+1 | 1 | $1,100 | 484 |
1 1
PROPERTY TAXES
| Parcel Number | 110806110015 | Improvements Assessment | $232,000 |
| Land Assessment | $103,100 | Total Assessment | $335,100 |
PROPERTY TAXES
Parcel Number
110806110015
Land Assessment
$103,100
Improvements Assessment
$232,000
Total Assessment
$335,100
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520 Columbia St - 520 Columbia St Cathlamet - Stunning Triplex
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