$860,000
Pending

415 2nd Ave

Pasco, WA 99301
Courtesy of The Paragon Group
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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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  • Interior Details
    • Heating & Cooling
      • Heating:Wall
  • Property Details
    • Property
      • Stories:1
      • Exterior materials:See Remarks
    • Measurements
      • Acres:0.6428
      • Square Feet:6263
  • Construction Details
    • Type & Style
      • Property type:Investment
      • Architectural style:56 - 10+ Units
    • Condition
      • Year built:1945
  • Utilities / Energy Details
    • Utility
      • Sewer information:Sewer Connected
      • Utility source:Public
      • Utility features:Sewer Connected, Electricity Available
  • Community and Neighborhood Details
    • Location
      • School district:Pasco
      • County:Franklin
    • Community
      • Subdivision:Pasco
  • Financial Details
    • Pricing Details
      • Original list_price:$860, 000
      • Selling office_commission:2.5
      • Annual taxes:$4, 631
  • Other
    • Source
      • MLS #:1809396

Location

Doug WalkerReal Estate Group
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