6 Totem Lane

    Longview, WA 98632
    • $2,500,000
    • STATUS: Active
    • ON SITE: 328 days
    • ID#: 1393873
    UPDATED: 47 min ago
    $2,500,000
    • 0
      BEDS
    • 8.95
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Keller Williams-Premier Prtnrs.

    Description

    Amazing Opportunity. Private 8.9 acre rental income property. Eighteen Houses including One Duplex on 4 tax parcels for 19 doors total. Fully rented & occupied w/ many long term tenants grossing $15,230 in monthly rents. Tenants pay all utilities. Many of the homes have been updated w/ Vinyl windows & more. This unique property also features a build-able development opportunity w/ more than 2 acres of build-able open space. Plus three on-site storage buildings. Plentiful parking and green space.

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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 2019-11-13T15:17:31.953.

    www.alchemyre.com/homes/90156302

    6 Totem Lane Longview, WA 98632

    • Price: $2,500,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: 1393873
    0
    Beds
    0
    Baths
    0
    ½ Baths
    8.95
    Acres
    1966
    Built
    Neighborhood:
    West Longview
    County:
    Cowlitz
    Area:
    Robert Gray/Mint
    Elementary School:
    Robert Gray Elem
    Middle School:
    Mt Solo Mid
    High School:
    Mark Morris High
    School District:
    Longview
    Property Description
    Amazing Opportunity. Private 8.9 acre rental income property. Eighteen Houses including One Duplex on 4 tax parcels for 19 doors total. Fully rented & occupied w/ many long term tenants grossing $15,230 in monthly rents. Tenants pay all utilities. Many of the homes have been updated w/ Vinyl windows & more. This unique property also features a build-able development opportunity w/ more than 2 acres of build-able open space. Plus three on-site storage buildings. Plentiful parking and green space.
    Exterior Features

    Building Condition Good Carport Spaces 0 Construction Methods Standard Frame Exterior WoodWood Products Foundation Poured Concrete Garage Spaces 17 Lot Details Open SpacePaved Street Roof CompositionMetal Stories In Building 1 Style 56 - 6-9 Units Total Parking Spaces 37 Uncovered Spaces 20 View Canal Waterfront Canal

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling BaseboardRadiantWall Unit1 Bathrooms 1.00 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 9504 Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 1300 Unit3 Bathrooms 1.00 Unit3 Bedrooms 4 Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 2541 Unit4 Bathrooms 1.00 Unit4 Bedrooms 3 Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 3168 Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 2880 Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 836 Units Below Grade N

    Property Features

    Amenities Thermal Windows Bank Owned No Cap Rate 6.00 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-FamilyResidential Gross Adjusted Income 182760 Gross Rent Multiplier 14 Gross Scheduled Income 182760 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 14400 Leased Items None Net Operating Income 149412 New Construction YN No Other Expenses 0 Possession NegotiableSee RemarksSub. Tenant's Rights Power Company Cowlitz Pud Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Longview Site Features Fenced-PartiallyOutbuildingsRV ParkingShop Tax Amount 18948 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 33348 Total Expenses TEX 33348 Total Monthly Income 15230 Unit1 Monthly Rent 8055 Unit2 Monthly Rent 1300 Unit3 Monthly Rent 645 Unit4 Monthly Rent 2550 Unit5 Monthly Rent 2085 Unit6 Monthly Rent 645 Vacancy Rate 0 Water Company City Of Longview Water Sewer Garbage 0 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 2019-11-13T15:17:31.953.

     
    Alchemy Real Estate
    2921 Eastlake Ave E
    Seattle WA, 98102
    Listing Courtesy of Keller Williams-Premier Prtnrs.