LISTING DETAILS

1603 Mahan Avenue

1603 Mahan Ave Richland WA 99354

Listing #: 690021 | Status: Available | Last Modified: 1/2/2025

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	0
Vacancy Factor %	0.00%
Operating Expenses	0
Net Operating Income	0
CAP Rate	5.35 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Building Information
Building Status	Existing
# of Buildings	5
# of Floors	1
# of Units	5
Total Building SF	5,387 SF
Net Rentable Area	5,387 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	8,407 SF
Acres	0.19
Year Built	1948

Property Type
Property Type	Multi-Family

Location
County	Benton
Market Area	Benton County
Tax ID #	103981020739018
Zoning	R1

Fully Leased Residential Portfolio

Public Comments

Opportunity to acquire the Richland Residential Portfolio (RRP), a collection of five fully leased residential properties located in Richland, Washington. These properties present an exceptional investment for those looking to secure a stabilized income-generating asset with significant potential for growth. With a proven track record of strong occupancy, long-term tenants, and under-valued rental rates, the portfolio offers both immediate cash flow and future upside. Proforma Rents are at $99k for the Portfolio with aNet Operating Income of $82k. 5.35% CAP rate, $285/SF or $308k per door. All 5 properties are within 1 mile of each other and takes 10 minutes to drive the portfolio making it easy to Manage. Must purchase entire portfolio, will not break up individually. Call LA for more inf

1603 Mahan Avenue
1603 Mahan Ave Richland WA 99354

Listing #: 690021 | Status: Available | Listing Date: 12/2/2024 | Last Modified: 1/2/2025 | Email Listing

For Sale

1603 Mahan Avenue

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