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500 NE Maiden Ln
Pullman, WA 99163
Multifamily Property For Sale
·
12 Units
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.28 AC |
| Property Type | Multifamily | Building Size | 12,600 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1976 |
| Building Class | B | Parking Ratio | 1.19/1,000 SF |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.28 AC |
| Building Size | 12,600 SF |
| No. Stories | 4 |
| Year Built | 1976 |
| Parking Ratio | 1.19/1,000 SF |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Heating
- Kitchen
ABOUT 500 NE MAIDEN LN , PULLMAN, WA 99163
Newmark Knight Frank is pleased to present 500 Northeast Maiden Lane, a 12-unit garden-style apartment building located in the heart of Pullman, Washington. The building is located in the College Hill neighborhood, an ideal location for student renters, as the Washington State University (WSU) campus is a short five-minute walk. Pullman is home to the Washington State Cougars, the second largest university in the state, and only nine miles from the University of Idaho in Moscow, Idaho. The area has over 21,000 students. With a median age of 23, the youthful college town has a variety of activities with great eateries, boutiques, and entertainment venues. The town’s manufacturing industry is thriving due to the expansion of Schweitzer Engineering, the largest private employer in the area. Schweitzer has 2,300 employees locally and is known for its power system protection and control products. This Maiden Lane is a perfect opportunity for a value-add investor. Housing this close to campus has certain upside on rent and is an excellent long term investment. An investor can convert the four-bedroom, one-bath floor plan to three-bedroom, two-bath and gain additional annual rent of $52,000. By updating the remainder of the floorplans, the property can enjoy higher rents and higher occupancy.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 2 | - | 1,050 |
| 4+1 | 10 | - | 1,050 |
PROPERTY TAXES
| Parcel Number | 112300006030002 | Improvements Assessment | $410,203 |
| Land Assessment | $60,000 | Total Assessment | $470,203 |
PROPERTY TAXES
