Properties Available

18 Unit Apartment Building Offered at $4,000,000 in Vancouver, WA

8,502 Sqft - 14623 NE Coast Pine Ct, Vancouver, WA

Property Description

EXECUTIVE SUMMARY

Multifamily Investment Opportunity - 18 Units. Three six plex buildings (14623, 14625, and 14621 NE Coast Pine CT) for a total of 18 units in the Hearthwood area of Vancouver. The three separate buildings have a shared driveway, parking lot and laundry. Tenants are month to month and current on rent. Drive by only, offer subject to inspection.
 

FINANCIAL SUMMARY (PRO FORMA - 2021)

ANNUAL ANNUAL PER SF
Gross Rental Income $192,600 $22.65
Other Income - -
Vacancy Loss - -
Effective Gross Income $192,600 $22.65
Taxes $12,640 $1.49
Operating Expenses $35,510 $4.18
Total Expenses $48,150 $5.66
Net Operating Income $144,450 $16.99

PROPERTY FACTS

UNIT AMENITIES

  • Dishwasher
  • Refrigerator
  • Range

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 6 $1,100 627
2+1 6 $1,575 790
3+2 6 $2,195 1,200
Basic Details
Property Type : Multi-Family
Listing Type : For Sale
Price : $4,000,000
Bldg Size : 8,502 Sqft
Lot Area : 0.46 Acre
Year Built : 1975
Bathrooms : 1
Listing ID : 1497
Features
NOI : 144450
Additional Photos
Additional Photos :

Multi-Family For Sale
  • Listing ID : 1497
  • Bathrooms : 1
  • Bldg Size : 8,502 Sqft
$4,000,000
Contact Broker