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    890 Dougherty Drive NE

    Castle Rock, WA 98611
    • $1,625,000
    • STATUS: Pending
    • ON SITE: 24 Days
    • ID#: 1845991
    Under Contract
    UPDATED: 51 min ago
    $1,625,000
    • 0
      BEDS
    • 1.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,749
      SQFT
    • $97
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1976
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of The Foundation Group Llc.

    Description

    6.05% CAP -East Village Apts!! This 19 unit building is made up of one 1Bed/1Ba, one Studio and 17 townhouse style 2Bed/1.5Ba units. Once this building has stabilized rents of $1,000 for the 2bed units, the income will push this asset to a 7.95% Cap Rate. Please see attached offering memorandum for more information

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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 2021-10-23T19:15:24.4.

    www.alchemyre.com/homes/121872830
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    890 Dougherty Drive NE Castle Rock, WA 98611

    • Price: $1,625,000
    • Status: Pending
    • Updated: 51 min ago
    • ID#: 1845991
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.21
    Acres
    16,749
    SQFT
    $97
    $/SQFT
    1976
    Built
    Neighborhood:
    Castle Rock
    County:
    Cowlitz
    Area:
    North Cowlitz County
    School District:
    Castle Rock
    Property Description
    6.05% CAP -East Village Apts!! This 19 unit building is made up of one 1Bed/1Ba, one Studio and 17 townhouse style 2Bed/1.5Ba units. Once this building has stabilized rents of $1,000 for the 2bed units, the income will push this asset to a 7.95% Cap Rate. Please see attached offering memorandum for more information
    Exterior Features

    Carport Spaces 18 Carport YN No Covered Spaces 0 Exterior Features Wood Products Lot Features PavedSidewalk Open Parking Spaces 23 Open Parking YN Yes Parking Total 41 Parking Uncovered Spaces 23 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

    Interior Features

    Building Area Total 16749 Fireplace YN No Flooring LaminateVinyl PlankCarpet Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

    Property Features

    Amenities Coin Op LaundrySee RemarksStorage Association Fee 0 Association Fee Frequency Annually Electric On Property YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 98349 New Construction YN No Possession Closing Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 13289 Tax Year 2021 Units In Building Total 19 Utilities Sewer ConnectedElectricity Available Zoning Jurisdiction See Remarks

    Listing information © 2021 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 2021-10-23T19:15:24.4.

     
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    Alchemy Real Estate
    2921 Eastlake Ave E
    Seattle WA, 98102
    Listing Courtesy of The Foundation Group Llc.