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823 8th Ave
Longview, WA 98632
823 8th Avenue · Multifamily Property For Sale
·
2 Units
EXECUTIVE SUMMARY
Investment opportunity! Duplex-each unit features 3 spacious bedrooms, 1 bathroom, fireplaces, washer and dryer hookups and a single car garage and parking pad with alley access. Great location downtown close to health care, shopping, restaurants, the fairgrounds and I-5. Long Term tenants in place. The property has potential to increase income if personally managed. Rents are below market. Tenants pay all utilities. Live in one unit and rent the other or add to your portfolio!
PROPERTY FACTS
| Price Per Unit | $234,950 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Size | 2,288 SF |
| Cap Rate | 3.57% | Average Occupancy | 100% |
| Gross Rent Multiplier | 17.8 | No. Stories | 2 |
| No. Units | 2 | Year Built | 1978 |
| Property Type | Multifamily | ||
| Zoning | R04 - Residential Under 4 Units | ||
| Price Per Unit | $234,950 |
| Sale Type | Investment |
| Cap Rate | 3.57% |
| Gross Rent Multiplier | 17.8 |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Size | 2,288 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
| Zoning | R04 - Residential Under 4 Units |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Fireplace
- Washer/Dryer Hookup
- Heating
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Carpet
- Deck
- Double Pane Windows
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 2 | $1,100 | 1,144 |
PROPERTY TAXES
| Parcel Number | 0-8606 | Improvements Assessment | $324,230 |
| Land Assessment | $25,000 | Total Assessment | $349,230 |
PROPERTY TAXES
Parcel Number
0-8606
Land Assessment
$25,000
Improvements Assessment
$324,230
Total Assessment
$349,230
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