$1,050,000
For Sale

257 20th Avenue

Longview, WA 98632
4600 sqft | 0.11 acres | #2301928
Listing OfficeCENTURY 21 Real Estate Center
Browse 15 photos
Type:Multi-Family
Structure:4 Family
Zone:Residential

Description

Incredible turnkey multifamily investment! Professionally managed, newly-built townhouse-style rental units are a passive investor’s dream. Built in 2023 these 4 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder’s warranty in 2024. Fire sprinklers! Offers a remarkable 6.0% Cap Rate on Year 1 stabilized, 11.67 GRM. 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.

  • Property Details
      • Lot DescriptionAdjacent to Public Land, Alley, Dead End Street, Open Space, Paved, Sidewalk
      • InteriorCeramic Tile, Wall to Wall Carpet
      • Sewer InformationAvailable, Sewer Connected
      • Exterior FeaturesDeck, Sprinkler System
      • Date ListedOctober 15, 2024
      • FoundationPoured Concrete
      • Middle SchoolMonticello Mid
      • Exterior MaterialsWood Products
      • High SchoolR A Long High
      • Property TypeMulti-Family
      • Elementary SchoolKessler Elem
      • Property SubtypeMulti-Family
      • Style54 - 4-Plex
      • Original List Price$1,050,000
      • Structure TypeQuadruplex
      • SubdivisionHighlands
      • Property ConditionVery Good
      • School DistrictLongview
      • CountyCowlitz
      • MLS #2301928
      • Cost1050000
      • MLS #2301928
      • Acres0.1102
      • Utility SourcePublic
      • Square Feet4600
      • Year Built2023
      • Taxes Annual$198
      • Days on Market (Cumulative)71
      • Stories2
Erika LoweReal Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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