285 22nd Avenue Longview, Washington 98632, United States
The Multi Family House for Sale located at 285 22nd Avenue Longview Washington 98632 with 16 bathrooms, Sprinkler System, Parking is currently for Sale, 285 22nd Avenue Longview Washington 98632 is listed for $4,200,000. If the property located at 285 22nd Avenue 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
- Bathrooms
- 16
- Home/Lot size
- 1,709m² (18,400ft²)
Property features
Key features
Construction details
- Year built
- 2023
- Building condition
- New Construction
- Roofing
- composition/shingle
Other features
- Property features
- Deck
Area
- Property size
- 1,709m² (18,400ft²)
- Land/Lot size
- 1,781m² (0.44ac)
- Bathrooms
- 16
- Total rooms
- 16
- 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.