WA
Benton
Richland
99354
1603 Mahan Ave Ave
1603 Mahan Ave Ave, Richland, WA 99354
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Listing Type
Multi Family
Listing Status
active
27
$1,540,000

Home Details for 1603 Mahan Ave Ave

Price
$1,540,000
Type
Residential Income
Bedrooms
14
Bathrooms
6.0
Square feet
5387
Year built
1948
County
Benton
Total rooms
2
Garage
Days on site
104
MLS Listing#
280420
Listing Courtesy: StrickerCRE - 509-591-9949
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

Property Features
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    EXIT REALTY TRI-CITIES LIFE
    8656 W Gage Blvd, Suite 205, Kennewick, WA 99336
    Office
    509 551 4770
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