SEE PACKAGE IN DOCS WITH DETAILS • 36 Units • two three story buildings • 32 One bed one bath units • 4 One bed plus den, one bath units • 575 Average square feet per unit • Located close to all amenities • Golf course across the street • Wall A/C and baseboard heat. Rare opportunity to own an iconic 36 unit Kennewick apartment complex. With multi family occupancy rates at 97% in the Tri-Cities and 425 houses on the market as of July 2019 multi family apartments are a safe bet for any investor. The Dolphin Apartments have solid occupancy history and are centrally located in Kennewick WA within walking distance of all major amenities. Current rent roll produces $24,585/month NOI $206,687 Price point of $3,000,000 Actual Cap Rate 6.89% Priced at $83,333 per door.
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SVN Retter & Company.
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Listing information last updated on September 15th, 2019 at 9:32pm PDT.