616 Columbia Ave, Bridgeport, WA, 98813
Property Details
7
multi family
Description
Multi Family in Bridgeport, WA - Bedrooms: 7 - Bathrooms: 0 - Area: 4228 sqft - Year Built: 1951 - Lot: 18295 sqft
Listing Agent: Paul Harrison Brokerage: Coldwell Banker Cascade - WENATCHEE
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.
Location
Address
616 Columbia Ave, Bridgeport, WA, 98813
City
Bridgeport
Features and Finishes
Bedrooms: 7, Cooling Features: Window Unit, Heating Features: Wall, Heating Fuel: Electric, Heating: Yes, Number of Fireplaces: 0, Flooring: Vinyl Plank, Covered Spaces: 0, Open Parking: No, Garage Sqft: 416, Lot Size Acres: 0.42, Lot Size Square Feet: 18295, Association: No, Calculated Total Monthly Association Fees: 0, Elementary School: Bridgeport Elem, High School: Bridgeport High, High School District: Bridgeport, Middle School: Bridgeport Mid, School District: Bridgeport, Gross Scheduled Income: 74160, Leasable Area: 4228, Number of Units: 7, Bedrooms in Unit-1: 1, Bedrooms in Unit-2: 1, Bedrooms in Unit-5: 1, Bedrooms in Unit-6: 2, Bedrooms in Unit-7: 2, Total Bathrooms in Unit-1: 1, Total Bathrooms in Unit-2: 1, Total Bathrooms in Unit-3: 1, Total Bathrooms in Unit-4: 1, Total Bathrooms in Unit-5: 1, Total Bathrooms in Unit-6: 1, Total Bathrooms in Unit-7: 1, Unit 1 Total Actual Rent: 800, Unit 2 Total Actual Rent: 850, Unit 3 Total Actual Rent: 690, Unit 4 Total Actual Rent: 7
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