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4943 NE 2nd Ct - Lincoln TownHomes 10 Unit Apartment Building Offered at $6,721,945 CAD at a 5% Cap Rate Vancouver, WA 98663



INVESTMENT HIGHLIGHTS
- Single Family Units
- Modern design with 9ft Ceilings
- No HOA
EXECUTIVE SUMMARY
RMLS#: 137132824 INVESTOR OPPORTUNITY: 10 newly constructed single-family attached homes located in Hazel Dell! (Included Units: 4943 NE 2ND CT, 4939 NE 2ND CT, 4935 NE 2ND CT, 4931 NE 2nd CT, 4927 NE 2ND CT, 4923 NE 2ND CT, 4901 NE 2ND CT, 4905 NE 2ND CT, 4909 NE 2ND CT, 4911 NE 2ND CT). All Built in 2022/2021 with Luxury amenities throughout. These houses each feature 4 bedrooms, 3 baths, upstairs laundry (Full Size Washer & Dryer), a 240-volt EV outlet in the garage, a 2-car garage, and a 2-car parking Pad. The primary suites have spacious walk-in closets and a granite vanity w/ a walk-in shower! Luxury finishes include 9-foot ceilings, granite countertops, a breakfast island, LED lighting, stainless steel appliances, ductless AC & heating, high-end pet-friendly LVP flooring, and a dedicated Office/4th Bedroom/Media room. Centrally located in Hazel Dell. Hard to find a close and convenient location, just minutes away from I-5, HWY 14, PDX International Airport (Just 18 min away), Vancouver Waterfront, Jantzen Beach, and the Moda Center (Just 18 min away). Alki Park/Trail Walk is just walking distance away! Live worry-free with the 30-year Roof, 50-Year Siding, and low-maintenance Yards! Rentals are allowed. Located within the LINCOLN ELEMENTARY Vancouver School district. Fully fenced-in backyard & concrete patio. All Electric Home, No Gas. Quite Dead End Cul-de-sac. NO HOA DUES. Each unit is individually metered for Water, Sewer, garbage, and electric. Occupant pays for all utilities. Occupied homes are professionally managed by Zenith Properties NW LLC. Please do not disturb occupants. Contact your Agent for a showing.
Agent notes: All units are tenant occupied (Professionally managed by Zenith Properties NW LLC). Please do Not disturb occupants. Interior & Exterior showings are available with a signed mutual P&S agreement. No signpost at this time. (Included Units: 4943 NE 2ND CT, 4939 NE 2ND CT, 4935 NE 2ND CT, 4931 NE 2nd CT, 4927 NE 2ND CT, 4923 NE 2ND CT, 4901 NE 2ND CT, 4905 NE 2ND CT, 4909 NE 2ND CT, 4911 NE 2ND CT). TAX ID's: 986059626, 986059625, 986059624, 986059623, 986059622, 986059621, 986059615, 986059616, 986059617, 986059618). NO HOA DUES. Seller may be doing a 1031 exchange. Each unit is individually metered for Water, Sewer, garbage, and electric. Tenant pays for all utilities. No Natural Gas, All Electric.
Agent notes: All units are tenant occupied (Professionally managed by Zenith Properties NW LLC). Please do Not disturb occupants. Interior & Exterior showings are available with a signed mutual P&S agreement. No signpost at this time. (Included Units: 4943 NE 2ND CT, 4939 NE 2ND CT, 4935 NE 2ND CT, 4931 NE 2nd CT, 4927 NE 2ND CT, 4923 NE 2ND CT, 4901 NE 2ND CT, 4905 NE 2ND CT, 4909 NE 2ND CT, 4911 NE 2ND CT). TAX ID's: 986059626, 986059625, 986059624, 986059623, 986059622, 986059621, 986059615, 986059616, 986059617, 986059618). NO HOA DUES. Seller may be doing a 1031 exchange. Each unit is individually metered for Water, Sewer, garbage, and electric. Tenant pays for all utilities. No Natural Gas, All Electric.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$420,759
|
$27.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$420,759
|
$27.25
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$84,420
|
$5.47
|
| Net Operating Income |
$336,338
|
$21.78
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $420,759 |
| Annual Per SF | $27.25 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $420,759 |
| Annual Per SF | $27.25 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $84,420 |
| Annual Per SF | $5.47 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $336,338 |
| Annual Per SF | $21.78 |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Wi-Fi
- Double Pane Windows
- Island Kitchen
- Office
- Pantry
- Patio
- Window Coverings
SITE AMENITIES
- Individual Locking Bedrooms
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 10+2.5 | 10 | $3,575 CAD | - |
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4943 NE 2nd Ct - Lincoln TownHomes
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