202 Baltimore St

    Longview, WA 98632
    • $4,660,000
    • STATUS: Active
    • ON SITE: 326 days
    • ID#: 1235060
    UPDATED: 26 min ago
    $4,660,000
    • 0
      BEDS
    • 2.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1943
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Woodford Cre.

    Description

    Alder Terrace Apartments offer an investor the opportunity to own a seasoned apt complex in a stable & well located area in Longview. It consists of 3-1 bed/1 bath, 54-2 bed/1 bath, 7-3 bed/1 bath, 1-single fam home & onsite storage & laundry. This complex has a total of 47,767 rentable SF w/ sep metered utilities to each. Located close to the industrial area of Longview. This property is offered at a 6.96% CAP rate w/ IRR of up to 26% plus potential for rent increases & add additional units.

    Monthly Payment Calculator

    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-12-12T23:14:37.42.

    www.nwhomeexperts.com/homes/80101558

    202 Baltimore St Longview, WA 98632

    • Price: $4,660,000
    • Status: Active
    • Updated: 26 min ago
    • ID#: 1235060
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.13
    Acres
    1943
    Built
    Neighborhood:
    Highlands
    County:
    Cowlitz
    Area:
    West Kelso Highlands
    School District:
    Longview
    Property Description
    Alder Terrace Apartments offer an investor the opportunity to own a seasoned apt complex in a stable & well located area in Longview. It consists of 3-1 bed/1 bath, 54-2 bed/1 bath, 7-3 bed/1 bath, 1-single fam home & onsite storage & laundry. This complex has a total of 47,767 rentable SF w/ sep metered utilities to each. Located close to the industrial area of Longview. This property is offered at a 6.96% CAP rate w/ IRR of up to 26% plus potential for rent increases & add additional units.
    Exterior Features

    Carport Spaces 0 Exterior Metal/Vinyl Garage Spaces 0 Lot Details AlleyCorner LotCurbsPaved StreetSecludedSidewalk Roof CompositionTorch Down Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 69 Uncovered Spaces 69

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling BaseboardWall Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 508 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 729 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 3 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 784 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 3 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 1044 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 869 Unit5 Washer Dryer N Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 6.29 Electrical Expenses 7476 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 501586 Gross Rent Multiplier 9 Gross Scheduled Income 503620 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 16740 Leased Items None Net Operating Income 293418 New Construction YN No Other Expenses 144934 Possession Closing Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 27533 Tax Year 2017 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 208168 Total Expenses TEX 208168 Total Monthly Income 42822 Unit1 Monthly Rent 1765 Unit2 Monthly Rent 34100 Unit3 Monthly Rent 2100 Unit4 Monthly Rent 3000 Unit5 Monthly Rent 695 Unit6 Monthly Rent 0 Vacancy Rate 3 Water Sewer Garbage 11485 Water Source Public Zoning Jurisdiction City

    Listing information © 2018 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by NW Home Experts and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-12-12T23:14:37.42.

     
    NW Home Experts
    2211 Elliott Avenue Suite 200
    Seattle WA, 98121
    Listing Courtesy of Woodford Cre.