6 Totem Lane, Longview, WA 98632

$2,500,000

Listing courtesy of Keller Williams-Premier Prtnrs.

List Price
$2,500,000
Status
PENDING INSPECTION
MLS#
1393873
Days on Market
414
Style
56 - 10+ Units
Building Condition
['Good']
Lot Size (sq ft)
389,771

Property Description

Amazing Opportunity. Private 8.9 acre rental income property. Eighteen Houses including One Duplex on 4 tax parcels for 19 doors total. Fully rented & occupied w/ many long term tenants grossing $16,925 in monthly rents. Tenants pay all utilities. Many of the homes have been updated w/ Vinyl windows & more. This unique property also features a build-able development opportunity w/ more than 2 acres of build-able open space. Plus three on-site storage buildings. Plentiful parking and green space.

Additional Information

List Date
2018-12-19 00:00:00
Community
West Longview
Property Type
MULT
Units
19
Stories
1
Potential Terms
Cash Out, Conventional
Year Built
1966
Total Parking
37
Uncovered Parking
20
Waterfront
Yes
View
Canal
Exterior
Wood, Wood Products
Roof
Composition, Metal
Site Features
Fenced-Partially, Outbuildings, RV Parking, Shop
Lot Details
Open Space, Paved Street
School District
Longview
Elementary School
Robert Gray Elem
Middle School
Mt Solo Mid
High School
Mark Morris High
Total Monthly Income
$16,925
Gross Scheduled Income
$203,100
Gross Adjusted Income
$182,760
Annual Taxes
$18,948
Tax Year
2018
Insurance Expense
$14,400
Total Expenses
$33,348
Net Operating Income
$169,752
Gross Rent Multiplier
14
Cap Rate
6

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
1.00
Unit 1 Size
12672
Unit 1 Rent
$11,940
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
1300
Unit 2 Rent
$1,500
Unit 3 Beds
4
Unit 3 Baths
1.00
Unit 3 Size
2541
Unit 3 Rent
$750
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
836
Unit 4 Rent
$595
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
960
Unit 5 Rent
$650
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
960
Unit 6 Rent
$795
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