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    621 NW Quincy Place

    Chehalis, WA 98532
    • $565,000
    • STATUS: Pending
    • ON SITE: 228 days
    • ID#: 1685368
    Under Contract
    UPDATED: 74 min ago
    $565,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    School District:
    Listing Courtesy of Coldwell Banker Evergreen.

    Description

    Attention investors! This high performing 9-unit apartment complex near downtown Chehalis is the perfect property to add to your portfolio! Current rents are at $5250/month with pro-forma rents at $5725 (giving you a 8.9% cap rate). Well maintained property featuring ornate common areas, (2) 1-bedroom & 1 BA units, (5) studio apartments with 1 BA and (2) studio apartments that share 1 BA. All units have full kitchens. 3 units on each floor plus W/D hookups and storage lockers in basement.

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    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 2021-06-23T00:13:57.587.

    www.nwhomeexperts.com/homes/111684826
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    621 NW Quincy Place Chehalis, WA 98532

    • Price: $565,000
    • Status: Pending
    • Updated: 74 min ago
    • ID#: 1685368
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    1900
    Built
    Neighborhood:
    Chehalis
    County:
    Lewis
    Area:
    Chehalis
    School District:
    Chehalis
    Property Description
    Attention investors! This high performing 9-unit apartment complex near downtown Chehalis is the perfect property to add to your portfolio! Current rents are at $5250/month with pro-forma rents at $5725 (giving you a 8.9% cap rate). Well maintained property featuring ornate common areas, (2) 1-bedroom & 1 BA units, (5) studio apartments with 1 BA and (2) studio apartments that share 1 BA. All units have full kitchens. 3 units on each floor plus W/D hookups and storage lockers in basement.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features AlleyCorner LotCurbsPavedSidewalk Open Parking Spaces 0 Open Parking YN No Parking Total 0 Parking Uncovered Spaces 0 Roof Composition Structure Type Multi Family Style Code 55 - 5-9 Units View YN No Waterfront YN No

    Interior Features

    Fireplace YN No Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Wall Heating YN Yes

    Property Features

    Electric Expense 1816 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 63000 Insurance Expense 2069 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 44874 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvDeckGas AvailableHigh Speed InternetOutbuildings Special Listing Conditions None Tax Annual Amount 3853 Tax Year 2020 Total Expenses 14976 Units In Building Total 9 Utilities Cable ConnectedHigh Speed InternetNatural Gas AvailableSewer ConnectedElectricity Available Water Sewer Garbage 4960 Water Source Public Zoning Class Multi-Family

    Listing information © 2021 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 2021-06-23T00:13:57.587.

     
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    NW Home Experts
    2211 Elliott Avenue Suite 200
    Seattle WA, 98121
    Listing Courtesy of Coldwell Banker Evergreen.