718-722 N Arthur St | Kennewick, WA 99336
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- LoopNet Team
718-722 N Arthur St
Kennewick, WA 99336
Paxton Apartments · Multifamily Property For Sale
·
40 Units
INVESTMENT HIGHLIGHTS
- Rent in submarket has appreciated approximately 24.5% over past five years
- Property comprised of 40 three-bed units, averaging 1,200 square feet in primarily classic condition
- Opportunity to implement value-add program across the property to address deferred maintenance and below-market rent
- Low-density setting with ten buildings across three parcels totaling 2.4 acres
- Tenant profile nearly 100% families, many with young children
- Direct proximity to Vista Field, a former airport set to be transformed into a 103-acre pedestrian-focused town center
PROPERTY FACTS
| No. Units | 40 | Lot Size | 2.40 AC |
| Property Type | Multifamily | Building Size | 48,000 SF |
| Property Subtype | Apartment | Average Occupancy | 95% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1976 |
| Zoning | RM-4 - Residential Medium Density | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.40 AC |
| Building Size | 48,000 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1976 |
| Zoning | RM-4 - Residential Medium Density |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
SITE AMENITIES
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1.5 | 40 | $1,300 | 1,200 |
PROPERTY TAXES
| Parcel Number | 133994010207003 | Improvements Assessment | $3,063,160 |
| Land Assessment | $254,610 | Total Assessment | $3,317,770 |
PROPERTY TAXES
Parcel Number
133994010207003
Land Assessment
$254,610
Improvements Assessment
$3,063,160
Total Assessment
$3,317,770
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