6 Totem Lane, Longview, WA 98632
- $2,500,000
Listing courtesy of Keller Williams Realty North. Selling Office: Century 21 Northstar.
- Sold Price
- $2,500,000
- List Price
- $2,500,000
- Status
- SOLD
- MLS#
- 1393873
- Closing Date
- Mar 12, 2020
- Days on Market
- 373
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Annual Tax Ammount
- 18948
- Lot Size (sq ft)
- 389,771
- Sewer
- Sewer Connected
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
- 2019-03-05 00:00:00
- Community
- West Longview
- Net Operating Income
- $169,752
- Gross Adjusted Income
- $182,760
- Gross Scheduled Income
- $203,100
- Total Monthly Income
- $16,925
- Insurance Expenses
- $14,400
- Gross Rent Multiplier
- 14
- Total Expenses
- $33,348
- Cap Rate
- 6.8
- Total Number of Units
- 7
- Unit Name
- 6
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1966
- Waterfront
- Yes
- View
- Canal
- Roof
- Composition, Metal
- Site Features
- Fenced-Partially, Outbuildings, RV Parking, Shop
- 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
- Tax Year
- 2018
- Insurance Expense
- $14,400
- Total Expenses
- $33,348
- Net Operating Income
- $169,752
- Gross Rent Multiplier
- 14
- Cap Rate
- 6.8
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