Description
Value-add 13-unit in East Pasco. Amazing price per unit and proforma cap rate with a clear path to achieving market rents. This is a fantastic investment opportunity for any multifamily investor to create forced appreciation. Proforma rental rates come from neighboring properties, proving the ability to achieve market rent on this block. Property has been self-managed since 2008, creating an opportunity for immediate value with efficient and professional management. New management can reduce operating expenses, decrease vacancy from 25% to below 8%, and implement utility billback programs to capture immediate value.
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0BEDS
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0.64ACRES
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0BATHS
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01/2 BATHS
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6,263SQFT
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$137$/SQFT
Listing Courtesy of The Paragon Group.Description
Value-add 13-unit in East Pasco. Amazing price per unit and proforma cap rate with a clear path to achieving market rents. This is a fantastic investment opportunity for any multifamily investor to create forced appreciation. Proforma rental rates come from neighboring properties, proving the ability to achieve market rent on this block. Property has been self-managed since 2008, creating an opportunity for immediate value with efficient and professional management. New management can reduce operating expenses, decrease vacancy from 25% to below 8%, and implement utility billback programs to capture immediate value.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Reuben Bray Homes | Realty One are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-05-22T00:16:34.85.