522 N Iron St | Centralia, WA 98531
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- LoopNet Team
522 N Iron St
Centralia, WA 98531
Hillview Terrace · Multifamily Property For Sale
·
37 Units
INVESTMENT HIGHLIGHTS
- Proven market rents with recent new leases
- Pro Forma Cap Rate of 9.16%
- Off-street parking for each unit
- Current rents estimated to be 21.25% below market
- Walking distance to downtown Centralia with shopping, restaurants, and more
- Modern elevator, fire sprinkler system, on-site laundry, secured entry, newer roof (2018), vinyl double-pane windows
PROPERTY FACTS
| No. Units | 37 | Lot Size | 0.68 AC |
| Property Type | Multifamily | Building Size | 23,641 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1926 |
| Building Class | B | Parking Ratio | 1.9/1,000 SF |
| Zoning | R20 | ||
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.68 AC |
| Building Size | 23,641 SF |
| No. Stories | 4 |
| Year Built | 1926 |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | R20 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Range
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 17 | $657.00 | 313 |
| 1+1 | 14 | $871.00 | 439 |
| 2+1 | 4 | $1,041 | 632 |
| 2+1.5 | 2 | $1,103 | 694 |
PROPERTY TAXES
| Parcel Number | 003459-001-000 | Improvements Assessment | $1,408,600 |
| Land Assessment | $356,500 | Total Assessment | $1,765,100 |
PROPERTY TAXES
Parcel Number
003459-001-000
Land Assessment
$356,500
Improvements Assessment
$1,408,600
Total Assessment
$1,765,100
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