Mixed Use Investment Owner/User Opportunity with Multi-Family Income
5,740 Sqft - 5409 NE St Johns Rd, Vancouver, WA. 98661
Opportunity to acquire a unique owner user / investment with passive income from the fully occupied, seven residential apartment units. The 5,740 square foot building features a 1,580 square foot commercial space, suitable and permitted for a variety of uses in the Community Commercial zoning. The space is currently built out for a dental office, comprised of 5 exam rooms, an x-ray area, front desk/reception area, backroom/storage area, restroom and on site parking. Estimated market rent is approximately $2,500 a month plus NNN. The Minnehaha Apartments vary in size from 420 SF to 840 SF, comprised of studio, one and two bedroom, one bath units. All units have stove/range, refrigerator, some additionally have fireplaces and dishwashers. Current lease rates range from $650-$900 per month.