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    415 N 2nd Ave

    Pasco, WA 99301
    • $860,000
    • STATUS: Contingent
    • ON SITE: 97 Days
    • ID#: 1809396
    Under Contract
    UPDATED: 53 min ago
    $860,000
    • 0
      BEDS
    • 0.64
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,263
      SQFT
    • $137
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1945
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of The Paragon Group.

    Description

    Value-add 13-unit in East Pasco. Amazing price per unit and proforma cap rate with a clear path to achieving market rents. This is a fantastic investment opportunity for any multifamily investor to create forced appreciation. Proforma rental rates come from neighboring properties, proving the ability to achieve market rent on this block. Property has been self-managed since 2008, creating an opportunity for immediate value with efficient and professional management. New management can reduce operating expenses, decrease vacancy from 25% to below 8%, and implement utility billback programs to capture immediate value.

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    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. Data last updated 2021-10-21T23:15:55.457.

    www.kwbellingham.net/homes/119402801
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    415 N 2nd Ave Pasco, WA 99301

    • Price: $860,000
    • Status: Contingent
    • Updated: 53 min ago
    • ID#: 1809396
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.64
    Acres
    6,263
    SQFT
    $137
    $/SQFT
    1945
    Built
    Neighborhood:
    Pasco
    County:
    Franklin
    Area:
    Franklin County
    School District:
    Pasco
    Property Description
    Value-add 13-unit in East Pasco. Amazing price per unit and proforma cap rate with a clear path to achieving market rents. This is a fantastic investment opportunity for any multifamily investor to create forced appreciation. Proforma rental rates come from neighboring properties, proving the ability to achieve market rent on this block. Property has been self-managed since 2008, creating an opportunity for immediate value with efficient and professional management. New management can reduce operating expenses, decrease vacancy from 25% to below 8%, and implement utility billback programs to capture immediate value.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features See Remarks Open Parking Spaces 20 Open Parking YN Yes Parking Total 20 Parking Uncovered Spaces 20 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

    Interior Features

    Building Area Total 6263 Fireplace YN No Flooring Laminate Furnished Unfurnished Heating Cooling Type Wall Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

    Property Features

    Association Fee 0 Association Fee Frequency Annually Electric On Property YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Irrigation Water Rights YN No Listing Terms ConventionalRehab Loan Net Operating Income 42135 New Construction YN No Possession Closing Possible Use Multi-Family Power Company Franklin Pud Power Production Type Electric Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company City Of Pasco Special Listing Conditions None Tax Annual Amount 4631 Tax Year 2020 Units In Building Total 13 Utilities Sewer ConnectedElectricity Available Water Company City Of Pasco Water Source Public Zoning Class Multi-Family Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Keller Williams Western Realty and should be verified by the buyer.


    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. Data last updated 2021-10-21T23:15:55.457.

     
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    Keller Williams Western Realty
    2211 Rimland Drive, Suite 124
    Bellingham WA, 98226
    Listing Courtesy of The Paragon Group.