East Village (Status: Pending) 2700000

890, Dougherty Dr, Castle Rock, WA  98611

The East Village Apartments is a 19-unit, 2-story complex situated along the I-5 corridor in Castle Rock, Washington. The offering is a 19-unit apartment complex comprised of (17) townhome 2 bed 1.5 bath apartment units along with a one bedroom and studio apartment. In place 6.66% Cap Rate with additional upside opportunities with full implementation of utility bill back. The rental survey demonstrates market rents of $1300 for the 2 bedrooms, with potential to push further with additional upgrades. Great cashflow in place with value add opportunity lacking the need for heavy lifting. Flanked by the Cowlitz River and just 10 minutes away from Mount St Helens and Seaquest State Park, the suburban property is surrounded by breathtaking scenery. Schools, grocery stores, restaurants and

Listing Details

Asset Class: Multi-Family
Year Built: 1976
Building Total Square Feet: 16749
Available Lease Space Square Feet: 16325
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information:

Listing Courtesy of: Westlake Associates, Inc.

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.