Centralia, WA 98531,1510 Lewis ST
Listed by Urban Commercial Partners, LLC
Bought with ZNonMember-Office-MLS

$3,200,000

Est. payment /mo

$3,000,000

6.7%
Est.Price: ?

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1510 Lewis ST Centralia, WA 98531

15,296 SqFt

SOLD DATE : 06/28/2022

Key Details

Sold Price $3,200,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 15,296 sqft

Price per Sqft $209

Subdivision Centralia

MLS Listing ID 1894179

Sold Date 06/28/22

Style 56 - 10+ Units

Year Built 1970

Annual Tax Amount $38,066

Lot Size 0.870 Acres

Property Sub-Type Multi-Family

Property Description

Situated on Plummer Lake, the "Lakeview" apartment community is a one of-a-kind opportunity to own a quality renovated asset in one of the fastest growing markets in the Puget Sound. Offering an in-place 5% CAP Rate, Lakeview provides an incoming investor the ability to complete a value-add project while simultaneously generating cash-flow, a rare find in the PNW region, with potential to reach a 7% or higher cap rate once market operations are achieved. Tenants have access to spacious grounds and ample parking. Historically low vacancy rate with quality long-term tenants. Convenient location, easy access to I-5 and main arterials.

Location

State WA

County Lewis

Area 426 - Centralia

Interior

Fireplace false

Exterior

Exterior Feature Wood

Utilities Available Sewer Connected, Electric

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

New Construction No

Schools

School District Centralia

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)
Julie Hodges

Julie Hodges

Designated Broker | Real Estate Advisor | License ID: 25283

+1(425) 220-0617

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