285 22nd Ave
Longview, Washington 98632, United States

Longview, Washington 98632, United States
Listed By CENTURY 21 Real Estate Center

The Multi Family House for Sale located at 285 22nd Ave Longview Washington 98632 with 48 bedrooms, 32 bathrooms, 2 stories is currently for Sale, 285 22nd Ave Longview Washington 98632 is listed for $4,200,000. If the property located at 285 22nd Ave Longview Washington 98632 isn't what you're looking for, search Washington Real Estate to see other Homes for Sale in Longview .

MLS#: 2301606

$4,200,000 USD

Type
Multi Family
Bedrooms
48
Bathrooms
32
Home/Lot size
1,709m² (18,400ft²)
The details

Property features

Date Updated: Nov 10, 2024

Key features

2 stories

Construction details

Year built
2023
Roofing
composition/shingle
Style
2 stories

Other features

Property features
Deck

Area

Property size
1,709m² (18,400ft²)
Land/Lot size
1,784m² (19,200ft²)
Bedrooms
48
Bathrooms
32
Total rooms
80
Heating system
Electric

Description

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.

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Location

285 22nd Ave, Longview, Washington 98632, United States
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