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Southgate Terrace Apartments 1100-1105 S Pearl St 36 Unit Apartment Building $6,053,424 CAD ($168,151 CAD/Unit) 6.82% Cap Rate Centralia, WA 98531
Investment Highlights
- All one level strong rental income and good rental history
- Broad tenant appeal
- Ideal for low-maintenance management
Executive Summary
Excellent investment opportunity to purchase a 36-unit, single story, garden-style apartment complex in Centralia, WA.
All units consist of 1-bedroom units which are both well maintained and have strong historic rental history.
Increases in several recently rented units indicate potential for additional rental income.
Onsite laundry to provide additional income (equipment is owned rather than leased and included in sale).
Property is centrally located in the Centralia-Chehalis area with I-5 a short 5-minute drive away.
Ample parking with both onsite, assigned spaces and street parking.
All the roofs were replaced and windows upgraded to vinyl double paned windows in 2015.
Priced at $4.45M (or less than $124K/unit) which provides a cap rate of 6.82% based on the current actuals.
All units consist of 1-bedroom units which are both well maintained and have strong historic rental history.
Increases in several recently rented units indicate potential for additional rental income.
Onsite laundry to provide additional income (equipment is owned rather than leased and included in sale).
Property is centrally located in the Centralia-Chehalis area with I-5 a short 5-minute drive away.
Ample parking with both onsite, assigned spaces and street parking.
All the roofs were replaced and windows upgraded to vinyl double paned windows in 2015.
Priced at $4.45M (or less than $124K/unit) which provides a cap rate of 6.82% based on the current actuals.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,053,424 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $168,151 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.24 AC |
| Cap Rate | 6.82% | Building Size | 21,216 SF |
| Gross Rent Multiplier | 14.68 | Average Occupancy | 100% |
| No. Units | 36 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2008 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | Multifamily (R-15) - Medium-High Density Residential | ||
| Price | $6,053,424 CAD |
| Price Per Unit | $168,151 CAD |
| Sale Type | Investment |
| Cap Rate | 6.82% |
| Gross Rent Multiplier | 14.68 |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.24 AC |
| Building Size | 21,216 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1970/2008 |
| Parking Ratio | 1/1,000 SF |
| Zoning | Multifamily (R-15) - Medium-High Density Residential |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Yard
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Private Bathroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | $1,527 CAD | 580 - 700 |
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Property Taxes
| Parcel Number | 001934-014-000 | Total Assessment | $3,451,404 CAD (2024) |
| Land Assessment | $440,744 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $3,010,660 CAD (2024) | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
001934-014-000
Land Assessment
$440,744 CAD (2024)
Improvements Assessment
$3,010,660 CAD (2024)
Total Assessment
$3,451,404 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025 Payable 2025
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Southgate Terrace Apartments | 1100-1105 S Pearl St
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