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925 E 18th Ave
Ellensburg, WA 98926
Campus Village Apartments · Multifamily Property For Sale · 41 Units

INVESTMENT HIGHLIGHTS

  • Located directly across the street from Central Washington University
  • Strong in-place rents with opportunity to increase rents 14% with renovations
  • Large courtyard to add outdoor amenities such as fire pits or a BBQ space
  • Well-maintained, prime value-add opportunity
  • Attractive in-place and pro-forma cap rate
  • Majority of systems replaced or updated

PROPERTY FACTS

No. Units 41
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Garden
Building Class C
Lot Size 2.25 AC
Building Size 31,200 SF
Average Occupancy 90%
No. Stories 2
Year Built 1966
Parking Ratio 2.95/1,000 SF
Zoning RMD

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Microwave
  • Security System
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Carpet
  • Dining Room
  • Patio
  • Smoke Free
  • Window Coverings

SITE AMENITIES

  • Courtyard
  • Laundry Facilities
  • Property Manager on Site
  • Bicycle Storage

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 20 - 650
2+1 21 - 850 - 1,200

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
184034
Land Assessment
$609,620
Improvements Assessment
$2,968,860
Total Assessment
$3,578,480
  • Listing ID: 30781639

  • Date on Market: 1/25/2024

  • Last Updated:

  • Address: 925 E 18th Ave, Ellensburg, WA 98926

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