202 Baltimore St

    Longview, WA 98632
    • $4,625,000
    • STATUS: Pending Inspection
    • ON SITE: 117 days
    • ID#: 1492057
    Under Contract
    UPDATED: 68 min ago
    $4,625,000
    • 0
      BEDS
    • 2.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 47,676
      SQFT
    • $97
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1943
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Woodford Cre.

    Description

    Alder Terrace offers an investor the opportunity to improve & grow a seasoned apt complex. There are (3)1BD/1BA, (54)2BD/1BA, (7)3BD/1BA, single fam home, & onsite storage. This complex has 47,767 rentable SF w/ sep metered utilities. Located close to the industrial areas w/ access to I-5 & the Rainier Bridge. Market trends show great potential for rent increases w/ the lack of available housing.

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    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 Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-11-12T11:14:46.413.

    www.alchemyre.com/homes/96988322

    202 Baltimore St Longview, WA 98632

    • Price: $4,625,000
    • Status: Pending Inspection
    • Updated: 68 min ago
    • ID#: 1492057
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.13
    Acres
    47,676
    SQFT
    $97
    $/SQFT
    1943
    Built
    Neighborhood:
    Highlands
    County:
    Cowlitz
    Area:
    West Kelso Highlands
    School District:
    Longview
    Property Description
    Alder Terrace offers an investor the opportunity to improve & grow a seasoned apt complex. There are (3)1BD/1BA, (54)2BD/1BA, (7)3BD/1BA, single fam home, & onsite storage. This complex has 47,767 rentable SF w/ sep metered utilities. Located close to the industrial areas w/ access to I-5 & the Rainier Bridge. Market trends show great potential for rent increases w/ the lack of available housing.
    Exterior Features

    Carport Spaces 0 Exterior Metal/Vinyl Foundation Concrete Block Garage Spaces 0 Lot Details AlleyCurbsDead End StreetPaved StreetSidewalk Roof Torch Down Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 69 Uncovered Spaces 0

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling BaseboardForced Air Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Sq Ft 508 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Sq Ft 729 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 3 Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Sq Ft 784 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 3 Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Sq Ft 1044 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Sq Ft 869 Unit5 Washer Dryer N Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Amenities StorageSee Remarks Bank Owned No Cap Rate 7.70 Electrical Expenses 6905 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 567600 Gross Rent Multiplier 8 Gross Scheduled Income 597450 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 18672 Leased Items None Net Operating Income 356872 New Construction YN No Other Expenses 152929 Possession Closing Power Company Cowlitz Pud Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Longview Tax Amount 23133 Tax Year 2019 Terms Cash OutConventionalSee Remarks Third Party Approval Required None Total Expenses EXP 210728 Total Expenses TEX 210728 Total Monthly Income 49750 Unit1 Monthly Rent 2100 Unit2 Monthly Rent 40500 Unit3 Monthly Rent 4350 Unit4 Monthly Rent 1800 Unit5 Monthly Rent 1000 Unit6 Monthly Rent 0 Vacancy Rate 5 Water Company City Of Longview Water Sewer Garbage 9089 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Alchemy Real Estate and should be verified by the buyer.


    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 Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-11-12T11:14:46.413.

     
    Alchemy Real Estate
    2921 Eastlake Ave E
    Seattle WA, 98102
    Listing Courtesy of Woodford Cre.