Description
Excellent investment potential with this well-maintained 10-plex in Columbia! Generating ~$15k/mo in rents, this single-level complex boasts an NOI over $156k, offering a 5.9% cap rate with plenty of room for more. Ideally located near downtown, shopping, Cornwall Park, and I-5, you'll have no trouble keeping it full. Six units have 2 beds + 1 bath while the other four have 1 + 1. Seven of the units have been fully remodeled + updated in the past 12 months. Renovations include: NEW appliances, NEW int. paint, NEW flooring + cabinets, NEW lighting, vinyl windows, fenced dog area, updated landscaping, and repainted parking. Coin-op laundry adds another $100+ in monthly income. Phenomenal 1031 opportunity as well!
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0BEDS
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0.5ACRES
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0BATHS
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01/2 BATHS
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7,700SQFT
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$344$/SQFT
School Information
Listing information ©2023 Northwest MLS. Listing courtesy of Brandon Nelson Partners.
Sold by .Description
Excellent investment potential with this well-maintained 10-plex in Columbia! Generating ~$15k/mo in rents, this single-level complex boasts an NOI over $156k, offering a 5.9% cap rate with plenty of room for more. Ideally located near downtown, shopping, Cornwall Park, and I-5, you'll have no trouble keeping it full. Six units have 2 beds + 1 bath while the other four have 1 + 1. Seven of the units have been fully remodeled + updated in the past 12 months. Renovations include: NEW appliances, NEW int. paint, NEW flooring + cabinets, NEW lighting, vinyl windows, fenced dog area, updated landscaping, and repainted parking. Coin-op laundry adds another $100+ in monthly income. Phenomenal 1031 opportunity as well!
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 Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-06-04T19:14:10.753. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2023-06-04T19:14:10.753. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.