101 W. 4th Ave
Metaline Falls, Washington 99153, United States

MLS#: 43382

$3,200,000 USD

The details

Property features

Date Updated: Jul 10, 2024

Description

Your rare opportunity to own a 57 unit, five story apartment building! Property has 29 one bedroom, 18 studio and 10 two bedroom units, all with single bathrooms, and full basement with community laundry, bathrooms, and rec area. All floors accessible by elevator, and each unit has the opportunity to be individually metered. Each room is serviced by electric heat, and newer vinyl thermo pane windows have been installed throughout the building. The units are very spacious, clean and well maintained. The building is a concrete and brick structure that was originally built in 1929 as two levels, and the additional top 3 levels were added in the early 1950's. Property currently has over a 7.3% cap rate, with a projected 8%+ cap rate in 2024! The building is serviced by the local PUD utilities.

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Location

101 W. 4th Ave, Metaline Falls, Washington 99153, United States
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