Granite Nine | 1311 W Shoshone St
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Granite Nine 1311 W Shoshone St
9 Unit Apartment Building $1,325,000 ($147,222/Unit) 7.21% Cap Rate Pasco, WA 99301
INVESTMENT HIGHLIGHTS
- The sale includes a +/- 0.39 acre lot, 9 multifamily units spread across three buildings, and a detached two-car garage.
- All units have washer and dryer hook-ups and come with a fridge and range oven provided by landlord.
EXECUTIVE SUMMARY
Excellent opportunity to invest in one of the nation's fastest-growing markets: Tri-Cities, Washington. High job growth and strong rental demand. The sale includes 9 units on 0.39 acres and all associated improvements. Eight of the units are 1b / 1b, and one unit is 3b / 1b with a detached garage. Total rents are $11,310 per month and total water/sewer/insurance reimbursements are $1,235 per month. Each unit has its own electrical meter paid directly by tenants. Building 1311 has a brand new roof. The other roofs were replaced in 2016. The units have PEX / ABS plumbing, vinyl windows, and newer HVAC units. Cap rate is 7.2%. Contact your agent for a full Rent Roll and more details. Showings are allowed after an accepted offer. Please do not disturb tenants.
PROPERTY FACTS
| Price | $1,325,000 | Property Subtype | Apartment |
| Price Per Unit | $147,222 | Apartment Style | Low-Rise |
| Sale Type | Investment | Lot Size | 0.39 AC |
| Cap Rate | 7.21% | Building Size | 5,700 SF |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1949/2022 |
| Price | $1,325,000 |
| Price Per Unit | $147,222 |
| Sale Type | Investment |
| Cap Rate | 7.21% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.39 AC |
| Building Size | 5,700 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1949/2022 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 571 |
| 3+1 | 1 | - | 1,136 |
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Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 112-242-190 | Improvements Assessment | $737,100 |
| Land Assessment | $81,100 | Total Assessment | $818,200 |
PROPERTY TAXES
Parcel Number
112-242-190
Land Assessment
$81,100
Improvements Assessment
$737,100
Total Assessment
$818,200
ZONING
| Zoning Code | R-2 |
| R-2 |
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Granite Nine | 1311 W Shoshone St
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