WA > Centralia > Centralia
Centralia, WA 98531,522 N Iron ST
Centralia, WA 98531,522 N Iron ST
Centralia, WA 98531,522 N Iron ST
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Listed by Kidder Mathews
$3,150,000
Est. payment /mo
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23,641 SqFt
New

522 N Iron ST Centralia, WA 98531

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Bob Papke

Bob Papke

+1(503) 801-9750

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 23,641 sqft

Price per Sqft $133

Subdivision Centralia

MLS Listing ID 2396701

Style 56 - 10+ Units

Year Built 1926

Annual Tax Amount $15,960

Lot Size 0.680 Acres

Property Sub-Type Multi Family

Property Description

HILLVIEW TERRACE APTS. is a lucrative investment opportunity with a current cap rate of 6.53%. Featuring a mix of studios, 1-bed, and 2-bed units, this value-add property offers ample parking and full sprinkler coverage. Situated in a desirable location and walking distance to many shops, restaurants, and more, HILLVIEW TERRACE boasts the potential for increased revenue with just simple rent raises, and minor cosmetic improvements to an est. 8.52% cap rate. The well-maintained units and favorable unit mix is an excellent choice for investors seeking steady returns. Don't miss out on this chance to acquire a promising multi-family asset and capitalize on its current success while unlocking further value in this dynamic market

Location

State WA

County Lewis

Area 426 - Centralia

Interior

Interior Features Laminate

Flooring Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Cement/Concrete, Stucco

Amenities Available Cable TV, Fenced-Partially, Gas Available, Gated Entry, High Speed Internet, Sprinkler System

View Y/N Yes

View City, Territorial

Roof Type Composition

Building

Lot Description Corner Lot, Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Centralia

Others

Senior Community No

Acceptable Financing Cash Out, Conventional, Owner Financing, Rehab Loan

Listing Terms Cash Out, Conventional, Owner Financing, Rehab Loan

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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agent

Bob Papke

Principal Broker | License ID: 201238371

+1(503) 801-9750

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