285 22nd Avenue
Longview, WA 98632
- – beds
- – baths
- 18,400 sqft
- ~1/2 acre lot
- $228 per sqft
- 2023 build
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.
Last checked:
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Last updated Nov 14, 2024
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MLS# 2301606 —
The Building
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Year Built:2023
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New Construction:true
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New Construction:Completed
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Estimated Completion Date:2023-10-01
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Structure Type:Quadruplex
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Exterior Features:Wood Products
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Roof:Composition
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Units In Building Total:16
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Foundation Details:Poured Concrete
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# of Units Total:16
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Stories Total:2
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Building Area Total:18400
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Building Area Units:Square Feet
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Calculated SqFt:18400
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SqFt Source:Builder
Interior
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Interior Features:Ceramic Tile, Wall to Wall Carpet
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Flooring:Ceramic Tile, Carpet
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Fireplace:false
Financial & Terms
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Possession:Closing
Location
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Latitude:46.122967
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Longitude:-122.956891
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Directions:Directions on Google maps & Apple maps are okay. From Seattle/Tacoma follow I-5 south to exit 36 WA-432 in Kelso and follow thru Tennant Way and turn left into 22nd Ave.
The Property
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Property Type:Residential Income
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Property Subtype:Multi-Family
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Property Condition:Very Good
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Parcel Number:0-4246
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Lot Features:Adjacent to Public Land, Alley, Dead End Street, Open Space, Paved, Sidewalk
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Lot Size Units:Square Feet
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Lot Size Acres:0.4408
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Lot Size SqFt:19200
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Lot Size Source:County
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Zoning Class:Multi-Family,Residential
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Zoning Jurisdiction:City
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View:false
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Waterfront:false
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Possible Use:Multi-Family, Residential
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (425) 775-8525
- Office phone:
- (425) 775-8525
Taxes
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Tax Year:2024
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Tax Annual Amount:796
Beds
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Bedrooms Possible:48
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Cooling:false
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Heating:true
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Cooling:None
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Heating:Wall Unit(s)
Utilities
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Water Source:Public
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Sewer:Available, Sewer Connected
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Water Sewer Garbage:24000
Schools
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Elementary School:Kessler Elem
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Middle Or Junior School:Monticello Mid
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High School:R A Long High
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High School District:Longview
The Community
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Subdivision Name:Highlands
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Amenities:Fire Sprinklers
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Senior Community:false
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Association:false
Parking
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Parking Total:16
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Parking Uncovered Spaces:16
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Open Parking:true
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Open Parking Spaces:16
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Carport:false
Listing courtesy of NWMLS / CENTURY 21 Real Estate Center
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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10/14/24
Oct 14, 2024
|
Listed / Active | NWMLS | $4,200,000 | |
|
2/5/24
Feb 5, 2024
|
Price Changed | NWMLS | ||
|
1/14/24
Jan 14, 2024
|
Listed / Active | NWMLS |
