Bought with The Paragon Group
$2,150,000
$1,999,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
210 SW 13th ST #1-17 Chehalis, WA 98532
11,054 SqFt
Key Details
Sold Price $2,150,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,054 sqft
Price per Sqft $194
Subdivision Chehalis
MLS Listing ID 1767735
Sold Date 07/30/21
Style 56 - 10+ Units
Year Built 1975
Annual Tax Amount $15,884
Lot Size 0.520 Acres
Property Sub-Type Multi-Family
Property Description
Adjacent to Penny Playground, The Penny Apartments features 16 units - 8 two bed/1 bath Garden Style and 8 2 bed/1.5 bath Townhome style units. The units are all turn-key, renovated to market standards, and professionally managed by local PM, TJ Guyer. Storage units on site for additional income potential, coin operated laundry and RUBS already in place providing the additional monthly income on top of base rents. Huge market demand for quality rental units and growing rental rates. Current rents $100/month below Pro Forma. Very low maintenance with modern electrical and plumbing. Well maintained and professionally operated. Zero delinquency with perfect collections history and ultra low vacancy sub 5%. Upside in rents and storage income.
Location
State WA
County Lewis
Area 430 - Chehalis
Interior
Interior Features Laminate, Laminate Hardwood, Wall to Wall Carpet
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Brick, Wood
Utilities Available Cable Connected, High Speed Internet, Sewer Connected, Electric
Amenities Available Cable TV, Fenced-Partially, High Speed Internet
View Y/N Yes
View See Remarks, Territorial
Roof Type Cedar Shake,Flat,Torch Down
Building
Lot Description Adjacent to Public Land, Corner Lot, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Chehalis
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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