848 15th Ave

    Longview, WA 98632
    • $750,000
    • STATUS: Active
    • ON SITE: 134 days
    • ID#: 1391847
    UPDATED: 52 min ago
    $750,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1972
    County:

    School Ratings & Info

    Listing Courtesy of Woodford Cre.

    Description

    Freshly updated, long term investment property now available. Well positioned across from PeaceHealth/St John Medical Center with high traffic counts and excellent signage. This property is currently offered at a 6.4% CAP rate and 8.9% proforma CAP rate after the next rent increase. The initial lease term expires August 2022 with options to extend. The rent structure has built in increases and is triple net. This would make an excellent addition to your portfolio.

    Monthly Payment Calculator



    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 Crutcher Dennis - My Puget Sound Homes are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-19T12:16:33.07.

    www.mypugetsoundhomes.com/homes/89870023

    848 15th Ave Longview, WA 98632

    • Price: $750,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: 1391847
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    1972
    Built
    Neighborhood:
    Longview
    County:
    Cowlitz
    Area:
    West Kelso West of 15th
    Property Description
    Freshly updated, long term investment property now available. Well positioned across from PeaceHealth/St John Medical Center with high traffic counts and excellent signage. This property is currently offered at a 6.4% CAP rate and 8.9% proforma CAP rate after the next rent increase. The initial lease term expires August 2022 with options to extend. The rent structure has built in increases and is triple net. This would make an excellent addition to your portfolio.
    Exterior Features

    Exterior Cement/ConcreteWood Products Foundation Concrete Block Lot Depth 0 Lot Topography And Vegetation Level Roof Built-Up Site Frontage 0 Style 60 - Comm Bldg Und 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 0 Waterfront Footage 0

    Interior Features

    Building Sq Ft 3840 Floor Covering Ceramic TileVinyl Heating And Cooling Heat Pump Office Sq Ft 0 Total Sq Ft Rented 3840

    Property Features

    Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 0 Assessed Value Year 0 Available Pads 0 Bank Owned No Boundary Survey 6.40 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Commercial Gross Adjusted Income 0 Gross Rent Multiplier 0 Gross Scheduled Income 48000 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 0 Net Operating Income 48000 Other Expenses 0 Possession Closing Power Company Cowlitz Pud Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company City Of Longview Tax Amount 5152 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 0 Total Expenses TEX 0 Total Monthly Rent 4000 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 Crutcher Dennis - My Puget Sound Homes 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 Crutcher Dennis - My Puget Sound Homes are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-19T12:16:33.07.

     
    Crutcher Dennis - My Puget Sound Homes
    33434 8th Ave South
    Federal Way, WA, 98003
    Listing Courtesy of Woodford Cre.