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.
Square feet
18,400 ft²
Stories
2
Fuel
Electricity
Heating
Wall Heater
Water
Public Water
Sewer
Public Sewer
Year built
2023
Days on market
30 days
RMLS #
24254219
Listing status
Active
Price per square foot
$228
Property taxes
$26,925
Elementary School
Kessler
Middle School
Monticello
High School
Ra Long
Listing Agent
April Treacy
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Agent Phone (360) 213-9444
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Agent Email teamtreacy@gmail.com
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Listing Office Keller Williams Realty
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Office Phone (360) 693-3336
