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Incredible turnkey multifamily investment! Professionally managed, newly-built townhouse-style rental units are a passive investor’s dream. Built in 2023 these 16 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder’s warranty in 2024. Fire sprinklers! Offers a remarkable 6.5% Cap Rate on Year 1 stabilized, 11.5 GRM & 24% Expense Ratio. 100% occupancy w/ tenant wait list. Mostly market rate tenants but also Section 8 approved, for consistent income. Option for 1-3 more fourplex under devt, if larger portfolio is desired. Offering is for portfolio of 4 fourplexes but open to offers for individual 4plex(es). Addresses: 285 22nd Ave, 263 20th Ave, 259 20th Ave, 257 20th Ave. All separate parcels.PROPERTY FEATURES
Sewer : PublicSewer
Water Source : PublicWater
Parking Features : Paved
Exterior Description:WoodComposite
Roof : Composition
Property Condition : Existing
Area : 4 plex
Listing Service : FullService
Heating : WallHeater
Hot Water Description : Electricity
Foundation Details : ConcretePerimeter
PROPERTY DETAILS
Street Address: 285 22ND AVE
City: Longview
State: Washington
Postal Code: 98632
County: Cowlitz
MLS Number: 24254219
Year Built: 2023
Courtesy of Keller Williams Realty
City: Longview
State: Washington
Postal Code: 98632
County: Cowlitz
MLS Number: 24254219
Year Built: 2023
Courtesy of Keller Williams Realty
Courtesy of CENTURY 21 Real Estate Center
Courtesy of Keller Williams Realty