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Listed by:Windermere Northwest Living • Paul Young

$3,999,000

Est. payment - /mo

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21,216 SqFt

Active

1100 S Pearl ST Centralia, WA 98531

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 21,216 sqft

Price per Sqft $188

Subdivision Centralia

MLS Listing ID 2493118

Style 56 - 10+ Units

Year Built 1970

Annual Tax Amount $23,058

Lot Size 1.240 Acres

Property Sub-Type Multi Family

Property Description

Excellent investment opportunity to purchase a 36-unit, single-story, garden-style apartment complex in Centralia, WA. All units consist of 1-bedroom units, which are both well-maintained and have strong historic rental history. Increases in several recently rented units indicate potential for additional rental income. On-site laundry to provide additional income (equipment is owned rather than leased and included in the sale). Property is centrally located in the Centralia-Chehalis area, with I-5 a short 5-minute drive away. Ample parking with both assigned spaces and street parking. All the roofs were replaced and windows upgraded to vinyl double-pane windows in 2015. Priced at $4.45M (or less than 124k/unit), which provides a cap rate of 6.82% based on the current actuals.

Location

State WA

County Lewis

Area 426 - Centralia

Interior

Fireplace false

Exterior

Exterior Feature Wood Products

View Y/N No

Roof Type Composition

Building

Lot Description Community Golf Course

Sewer Sewer Connected

New Construction No

Schools

School District Centralia

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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