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1603 Mahan Ave Ave, Richland, WA 99354
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$1,485,000
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Home Details for 1603 Mahan Ave Ave
Price
$1,485,000
Type
Multi Family
Bedrooms
14
Total Bathrooms
6
Year Build
1948
Sq. Ft.
5387
County
Benton
Total Rooms
2
Tax
$2,672.94
MLS®️ Listing#
280420
On exitrealty.com
281 days
Property Description
MLS# 280420 Opportunity to acquire the Richland Residential Portfolio (RRP), a collection of five fully leased residential properties located in Richland, Washington. These properties present an exceptional investment for those looking to secure a stabilized income-generating asset with significant potential for growth. With a proven track record of strong occupancy, long-term tenants, and under-valued rental rates, the portfolio offers both immediate cash flow and future upside. Proforma Rents are at $99k for the Portfolio with a Net Operating Income of $82k. 5.35% CAP rate, $285/SF or $308k per door. All 5 properties are within 1 mile of each other and takes 10 minutes to drive the portfolio making it easy to Manage. Must purchase entire portfolio, will not break up individually. Call LA for more information and Do Not Disturb tenants. A. 1603 Mahan AveB. 1209 Winslow AveC. 704 Birch AveD. 2305 Concord StreetE. 312 Adams
- Parking
- No Garage
Listing Courtesy: StrickerCRE - 509-591-9949
Listings courtesy of PACMLS/Tri City AOR. IDX information is provided exclusively for consumers’ personal, non- commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
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$1,485,000
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EXIT REALTY TRI-CITIES LIFE
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