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Centralia,WA 98531
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 23,641 sqft
Price per Sqft $133
Subdivision Centralia
MLS Listing ID 2396701
Style 56 - 10+ Units
Year Built 1926
Annual Tax Amount $15,960
Lot Size 0.680 Acres
Property Sub-Type Multi Family
Property Description
HILLVIEW TERRACE APTS. is a lucrative investment opportunity with a current cap rate of 6.53%. Featuring a mix of studios, 1-bed, and 2-bed units, this value-add property offers ample parking and full sprinkler coverage. Situated in a desirable location and walking distance to many shops, restaurants, and more, HILLVIEW TERRACE boasts the potential for increased revenue with just simple rent raises, and minor cosmetic improvements to an est. 8.52% cap rate. The well-maintained units and favorable unit mix is an excellent choice for investors seeking steady returns. Don't miss out on this chance to acquire a promising multi-family asset and capitalize on its current success while unlocking further value in this dynamic market
Location
State WA
County Lewis
Area 426 - Centralia
Interior
Flooring Laminate,Carpet
Exterior
Exterior Feature Cement/Concrete,Stucco
Amenities Available Cable TV,Fenced-Partially,Gas Available,Gated Entry,High Speed Internet,Sprinkler System
View Y/N Yes
View City,Territorial
Roof Type Composition
Building
Lot Description Corner Lot,Curbs,Paved,Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Centralia
Others
Acceptable Financing Cash Out,Conventional,Owner Financing,Rehab Loan
Listing Terms Cash Out,Conventional,Owner Financing,Rehab Loan