1100 S Pearl St, Centralia, WA 98531, USA (Off Market)

For Sale, USD 4,350,000


1100 S Pearl St, Centralia, WA 98531, USA,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : 21,216 ft² / 1,971 m²

Land Size : 1 ft² / 0 m² Convert Land Size

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


Property Description

Excellent investment opportunity to purchase a thirty-six-unit, single-story, garden-style apartment complex in Centralia, Washington. All units consist of one-bedroom units, which are both well-maintained and have strong historic rental history. Increases in several recently rented units indicate potential for additional rental income. On-site laundry to provide additional income (equipment is owned rather than leased and included in the sale). Property is centrally located in the Centralia-Chehalis area, with Interstate 5 a short five-minute drive away. Ample parking with both assigned spaces and street parking. All the roofs were replaced and windows upgraded to vinyl double-pane windows in 2015. Priced at $4.45 million (or less than one hundred twenty-four thousand dollars per unit), which provides a cap rate of 6.82% based on the current actuals.
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1100 S Pearl St, Centralia, WA 98531, USA, United States,Washington,Centralia is a 21,216ft² Centralia luxury Multi-Family Home listed for sale USD 4,350,000. This high end Centralia Multi-Family Home is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Centralia or search for luxury properties for sale in Centralia.