MLS #2484253 / Listing provided by NWMLS & CB Cascade - Wenatchee. & CB Cascade - Winthrop
$574,900
616 Columbia Avenue
Bridgeport,
WA
98813
Sq Ft
Per Sq Ft
Year Built
Multifamily Investment Opportunity in Bridgeport with solid financials. Currently fully rented, this recently remodeled seven-unit apartment complex offers impressive returns with a strong 9.8% Net Cap Rate and tremendous 7.75% Gross Rent Multiplier! New improvements include a brand new TPO roof, interior remodels to units, and new exterior paint. Low operating costs and cheap utilities make this a high-efficiency investment. With the building totaling 4,228 square feet of one-level living, this property also features a shared laundry room and large backyard which includes a versatile 416 square foot shop for storage or additional income. Located in a central area of Washington with stable rental demand. Ideal for investors seeking reliable cash flow and long-term upside. **Seller Financing Available** With reasonable financing terms from the Seller, you can acquire this great income-producing property AND keep the mortgage off your books, bureaus, ratios, etc. Leases and Financials available upon request.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: Yes
Parking
- Garage Spaces: 0
- Total Uncovered Parking Spaces: 12
Structure
- Roof: See Remarks
- Exterior Features: Stucco
- Foundation: Poured Concrete
Lot Details
- Acres: 0.42
- Foundation: Poured Concrete
Schools
- High School District: Bridgeport
- High School: Bridgeport High
- Middle School: Bridgeport Mid
- Elementary School: Bridgeport Elem
Lot Details
- Acres: 0.42
- Foundation: Poured Concrete
Power
- Energy Source: Electric
- Power Company: Douglas County PUD
Water, Sewer, and Garbage
- Sewer Company: City of Bridgeport
- Sewer: Sewer Connected
- Water Company: City of Bridgeport
- Water Source: Public
- Water, Sewer, and Garbage: 9744
Gary Jones ~ THE JONES TEAM
Broker | REALTOR®
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