WA > Longview > Highlands
Longview, WA 98632,285 22nd AVE
Longview, WA 98632,285 22nd AVE
Longview, WA 98632,285 22nd AVE
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Listed by CENTURY 21 Real Estate Center
$4,200,000
Est. payment /mo
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48 BD
24 BA
18,400 SqFt
Active

285 22nd AVE Longview, WA 98632

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Bob Papke

Bob Papke

+1(206) 890-5124

UPDATED:

11/14/2024 02:56 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 18,400 sqft

Price per Sqft $228

Subdivision Highlands

MLS Listing ID 2301606

Style 54 - 4-Plex

Bedrooms 48

Construction Status Completed

Year Built 2023

Annual Tax Amount $796

Lot Size 0.441 Acres

Property 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.

Location

State WA

County Cowlitz

Area 402 - Highlands

Interior

Interior Features Ceramic Tile, Wall to Wall Carpet

Flooring Ceramic Tile, Carpet

Fireplace false

Exterior

Exterior Feature Wood Products

Amenities Available Deck, Sprinkler System

View Y/N No

Roof Type Composition

Building

Lot Description Adjacent to Public Land, Alley, Dead End Street, Open Space, Paved, Sidewalk

Sewer Available, Sewer Connected

Water Public

New Construction Yes

Construction Status Completed

Schools

Elementary Schools Kessler Elem

Middle Schools Monticello Mid

High Schools R A Long High

School District Longview

Others

Senior Community No

Acceptable Financing Assumable, Cash Out, Conventional, FHA, Owner Financing

Listing Terms Assumable, Cash Out, Conventional, FHA, Owner Financing

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Bob Papke

Broker | License ID: 98412

+1(206) 890-5124

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