15-unit apartment,5.2% Cap Rate,3 buildings,one built in 1993 and 2 in 2003.Additional upside in rents and other income,spacious two and three-bedroom apartment homes averaging over 1,300, pickleball court and an abundance of parking totaling 37 total spaces including 18 garage spaces,washer & dryer in every unit,significant value-add opportunities remain by upgrading interior finishes, 5,300 new jobs estimated in 2020.The city’s rental rates have grown more than 29% in the last five years.
Source: NWMLS / Sterling Johnston Real Estate
- Year Built 2003
- Lot Size 38,333 sq ft
- Parking Spaces 37
- Lot Details Corner Lot, Dead End Street, Paved, Sidewalk
- View Territorial
- Exterior Features Metal/Vinyl, Wood
- Interior Features Ceramic Tile, Laminate Tile
- Floor Covering Ceramic Tile, Engineered Hardwood, Laminate, Carpet
- Annual Taxes $32,308 (2020)
- MLS Number 1666266