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10811 NE 7th St

4 Unit Apartment Building $1,150,000 ($287,500/Unit) 7.18% Cap Rate Vancouver, WA 98664

Executive Summary

Completely Remodeled Fourplex – A Prime Investment Opportunity! Discover this stunning, fully remodeled fourplex that’s been thoughtfully upgraded to the studs, offering a perfect blend of modern amenities and comfort. Each unit boasts 2 spacious bedrooms and a full bath, ideal for families or professionals seeking a stylish living space. Enjoy brand-new electrical and plumbing systems, ensuring peace of mind for years to come. Each unit features contemporary cabinets, elegant countertops, and beautiful floor coverings that elevate everyday living. Each unit comes with a small fenced backyard and a cozy patio, perfect for relaxation or outdoor entertaining. The property is currently in the process of being rented out and is managed by a professional team, making it a hassle-free investment. Don’t miss this opportunity to own a fully updated fourplex in a desirable location. Whether you’re an experienced investor or looking to start your real estate journey, this property offers exceptional value and a strong rental potential! Contact us today to learn more or schedule a viewing!

Property Facts

Price $1,150,000
Price Per Unit $287,500
Sale Type Investment
Cap Rate 7.18%
Gross Rent Multiplier 12.35
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.36 AC
Building Size 3,660 SF
No. Stories 1
Year Built 1968

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 4 - 915

zoning

Zoning Code R-18
R-18
  • Listing ID: 33971865

  • Date on Market: 11/22/2024

  • Last Updated:

  • Address: 10811 NE 7th St, Vancouver, WA 98664

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