5225 W Clearwater Ave | Kennewick, WA 99336
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5225 W Clearwater Ave
Kennewick, WA 99336
Herron Lake & Clearwater Bay Apartments · Multifamily Property For Sale
·
140 Units
INVESTMENT HIGHLIGHTS
- Exceptional Garden-Style Layouts with Mix of Oversized One, Two, and Three-Bedroom Units
- Beautifully Maintained Outdoor Common Areas Feature Mature Landscaping, Water Features and Peaceful Greenery
- Strong Upside: Rents Roughly 16.3% Below Market, with Competing Properties Having Inferior Unit Sizes and Amenities
- Well-Maintained Property Includes Newer Roofs, Siding, Exterior Paint, and Windows
- Generous Amenities Include Laundry Facilities, Washer/Dryer Hookups, Two Pools, On-Site Management Office, Fitness Center, Patios/Balconies
- Highly Diverse Employment Base: Significant Industries Include R&D, Technology, Agriculture, Retail, Manufacturing, and Healthcare
PROPERTY FACTS
| No. Units | 140 | Building Size | 154,727 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1977/2023 |
| Building Class | C | Parking Ratio | 3.37/1,000 SF |
| Lot Size | 4.93 AC | ||
| Zoning | 35 | ||
| No. Units | 140 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.93 AC |
| Building Size | 154,727 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2023 |
| Parking Ratio | 3.37/1,000 SF |
| Zoning | 35 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer Hookup
- Heating
- Patio
SITE AMENITIES
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Pool
- Spa
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 28 | - | 984 |
| 2+2 | 84 | - | 1,152 |
| 3+2 | 28 | - | 1,306 |
PROPERTY TAXES
| Parcel Number | 104892010178002 | Improvements Assessment | $5,818,540 |
| Land Assessment | $1,133,890 | Total Assessment | $6,952,430 |
PROPERTY TAXES
Parcel Number
104892010178002
Land Assessment
$1,133,890
Improvements Assessment
$5,818,540
Total Assessment
$6,952,430
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