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Tower View Apartments 108 SE 6th St 11 Unité Immeuble d’appartements 1 952 146 $ CAD (177 468 $ CAD/Unité) 6,24% Taux de capitalisation College Place, WA 99324
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Faits saillants de l'investissement
- DESIRABLE UNIT MIX - Primarily All Attractive High Demand Two-Bedroom Units
- CIVIC CORE LOCATION - Ideally Located Next to City Hall, Police Headquarters and Fire Station
- RENTAL UPSIDE - Strong Upside in Already Achieved Rents
- TIGHT OCCUPANCY - Extremely Low Vacancy on Highly Sought After Location
- PROFESSIONAL OVERSIGHT - Professionally Managed and Maintained
Résumé de l'annonce
The Rhoades Group of Marcus & Millichap is pleased to exclusively present Tower View Apartments, an 11-unit multifamily investment opportunity located in College Place.? The property consists of four separate residential structures situated on a 0.61-acre tax lot, including one fourplex, one triplex, and two duplexes.? Three of the four buildings were constructed between 1975 and 1982, while the original 1910 structure has undergone significant upgrades and modernization over time.?
Throughout the current ownership’s six-year tenure, the asset has benefited from professional management and consistent maintenance.? Notable capital improvements include roofs on all structures within the past 10 years and upgraded ABS plumbing with copper supply lines in three of the four buildings.? Additionally, six of the 11 units have been renovated, featuring newer appliances, updated LVP and carpet flooring combinations, cadet heating systems, and in-wall air conditioning.? Approximately $15,000 invested in lot line adjustment, architectural plans, and a geotechnical survey for a potential duplex addition on the property approved by the city of College
Place.?
The property offers a desirable unit mix of eight two-bedroom, one-bathroom units and three one-bedroom, one-bathroom units, with sizes ranging from approximately 500 to 843 square feet.? The multi-building layout provides a more residential setting while reducing concentration risk and enhancing operational flexibility.?
Tower View Apartments is strategically located near Walla Walla University and downtown Walla Walla.? The surrounding area is supported by a diverse economic base including education, healthcare, agriculture, and tourism.? Proximity to the Tri-Cities growth corridor further strengthens rental demand, supporting stable occupancy and long-term rent growth.?
Throughout the current ownership’s six-year tenure, the asset has benefited from professional management and consistent maintenance.? Notable capital improvements include roofs on all structures within the past 10 years and upgraded ABS plumbing with copper supply lines in three of the four buildings.? Additionally, six of the 11 units have been renovated, featuring newer appliances, updated LVP and carpet flooring combinations, cadet heating systems, and in-wall air conditioning.? Approximately $15,000 invested in lot line adjustment, architectural plans, and a geotechnical survey for a potential duplex addition on the property approved by the city of College
Place.?
The property offers a desirable unit mix of eight two-bedroom, one-bathroom units and three one-bedroom, one-bathroom units, with sizes ranging from approximately 500 to 843 square feet.? The multi-building layout provides a more residential setting while reducing concentration risk and enhancing operational flexibility.?
Tower View Apartments is strategically located near Walla Walla University and downtown Walla Walla.? The surrounding area is supported by a diverse economic base including education, healthcare, agriculture, and tourism.? Proximity to the Tri-Cities growth corridor further strengthens rental demand, supporting stable occupancy and long-term rent growth.?
Faits sur la propriété
| Prix | 1 952 146 $ CAD | Classe d’immeuble | C |
| Prix par unité | 177 468 $ CAD | Taille du lot | 0,55 AC |
| Type de vente | Investissement | Taille du bâtiment | 11 000 pi² |
| Taux de capitalisation | 6,24% | Occupation moyenne | 100% |
| Nombre d’unités | 11 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1910/1982 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,64/1 000 pi² |
| Style d’appartement | Jardin | Zone de développement économique |
Oui
|
| Prix | 1 952 146 $ CAD |
| Prix par unité | 177 468 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,24% |
| Nombre d’unités | 11 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | C |
| Taille du lot | 0,55 AC |
| Taille du bâtiment | 11 000 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1910/1982 |
| Ratio de stationnement | 1,64/1 000 pi² |
| Zone de développement économique |
Oui |
Commodités
Commodités du site
- Installations de lessive
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 3 | - | 500 - 604 |
| 2+1 | 8 | - | 700 - 843 |
1 1
Assez accessible à pied
40/100
Très bien adapté aux voitures
80/100
Transports en commun limités
30/100
Plutôt accessible en vélo
40/100
Impôts fonciers
| Numéro de lot | 350736600536 | Évaluation des bâtiments | 1 365 387 $ CAD |
| Évaluation du terrain | 153 759 $ CAD | Évaluation totale | 1 519 146 $ CAD |
Impôts fonciers
Numéro de lot
350736600536
Évaluation du terrain
153 759 $ CAD
Évaluation des bâtiments
1 365 387 $ CAD
Évaluation totale
1 519 146 $ CAD
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Tower View Apartments | 108 SE 6th St
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