$1,485,000

1603 Mahan Ave , Richland, WA 99354

 
Bedrooms:14 beds
Bathrooms:0 baths
(None specified):5,387 sqft
Lot:Unknown
Year Built:1948
Listing Status:Active

Listing Agent

Derrick Stricker
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

MLS# 280420 Opportunity to acquire the Richland Residential Portfolio (RRP), a collection of five fully leased residential properties located in Richland, Washington. These properties present an exceptional investment for those looking to secure a stabilized income-generating asset with significant potential for growth. With a proven track record of strong occupancy, long-term tenants, and under-valued rental rates, the portfolio offers both immediate cash flow and future upside. Proforma Rents are at $99k for the Portfolio with a Net Operating Income of $82k. 5.35% CAP rate, $285/SF or $308k per door. All 5 properties are within 1 mile of each other and takes 10 minutes to drive the portfolio making it easy to Manage. Must purchase entire portfolio, will not break up individually. Call LA for more information and Do Not Disturb tenants. A. 1603 Mahan AveB. 1209 Winslow AveC. 704 Birch AveD. 2305 Concord StreetE. 312 Adams

Detailed Items

Other Information

1603 Mahan Ave, Richland, WA, 99354 is a (none specified) listing of 5,387 sqft on a lot of Unknown. This (none specified) listing has 14 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property1603 Mahan Ave, Richland, WA
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