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    210 SW 13th Street

    Chehalis, WA 98532
    • $2,150,000
    • STATUS: Sold
    • ON SITE: 93 days
    • ID#: 1767735
    Sold - 07/30/2021
    $2,150,000
    SOLD - 07/30/2021
    • 0
      BEDS
    • 0.52
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1975
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of The Paragon Group.

    Description

    Adjacent to Penny Playground, The Penny Apartments features 16 units - 8 two bed/1 bath Garden Style and 8 2 bed/1.5 bath Townhome style units. The units are all turn-key, renovated to market standards, and professionally managed by local PM, TJ Guyer. Storage units on site for additional income potential, coin operated laundry and RUBS already in place providing the additional monthly income on top of base rents. Huge market demand for quality rental units and growing rental rates. Current rents $100/month below Pro Forma. Very low maintenance with modern electrical and plumbing. Well maintained and professionally operated. Zero delinquency with perfect collections history and ultra low vacancy sub 5%. Upside in rents and storage income.

    Listing by Ross Hubbard. Sold by The Paragon Group.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-05T16:15:12.617.

    www.costelloteam.com/homes/116720110
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    210 SW 13th Street Chehalis, WA 98532

    • Price: $1,999,000
    • Status: Sold
    • Updated: 42 min ago
    • ID#: 1767735
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.52
    Acres
    1975
    Built
    Neighborhood:
    Chehalis
    County:
    Lewis
    Area:
    Chehalis
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Chehalis
    Property Description
    Adjacent to Penny Playground, The Penny Apartments features 16 units - 8 two bed/1 bath Garden Style and 8 2 bed/1.5 bath Townhome style units. The units are all turn-key, renovated to market standards, and professionally managed by local PM, TJ Guyer. Storage units on site for additional income potential, coin operated laundry and RUBS already in place providing the additional monthly income on top of base rents. Huge market demand for quality rental units and growing rental rates. Current rents $100/month below Pro Forma. Very low maintenance with modern electrical and plumbing. Well maintained and professionally operated. Zero delinquency with perfect collections history and ultra low vacancy sub 5%. Upside in rents and storage income.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features BrickWood Lot Features Adjacent To Public LandCorner LotCurbsPavedSidewalk Open Parking Spaces 24 Open Parking YN Yes Parking Total 24 Parking Uncovered Spaces 24 Roof Cedar ShakeFlatTorch Down Structure Type Multi Family Style Code 56 - 10+ Units View YN Yes Waterfront YN No

    Interior Features

    Fireplace YN No Flooring LaminateLaminateVinylCarpet Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes Interior Features Laminate Hardwood

    Property Features

    Association Fee 0 Association Fee Frequency Annually Building Name Henderson Land Company's Second Add Electric Expense 1110 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 191208 Insurance Expense 319 Irrigation Water Rights YN No Leased Items Washer/Dryer Listing Terms Cash OutConventional Lot Number 123 And 14 Net Operating Income 111961 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvFenced-PartiallyHigh Speed Internet Special Listing Conditions None Tax Annual Amount 15884 Tax Year 2021 Total Expenses 69686 Units In Building Total 16 Utilities Cable ConnectedHigh Speed InternetSewer ConnectedElectricity Available Water Sewer Garbage 12019 Water Source Public Zoning Class Multi-Family Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Costello Team | Windermere Real Estate and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-05T16:15:12.617.

     
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    Costello Team | Windermere Real Estate
    100 116th Ave SE
    Bellevue WA, 98004
    Listing Courtesy of The Paragon Group.