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Daybreak Gardens Apartments 219-221 SE Clark Ave

16 Unit Apartment Building $4,250,000 ($265,625/Unit) 5.35% Cap Rate Battle Ground, WA 98604

Executive Summary

Daybreak Gardens Apartments' appealing location and outstanding condition make it an attractive investment opportunity for an asset type that rarely comes to market in Battle Ground. The two buildings are newly constructed and fully leased. Building A was finished in October 2020 and building B in January 2022.
Daybreak Gardens Apartments is an ideal opportunity to acquire a turn-key asset in this growing market. Inside, carefully chosen finishes are low maintenance and durable while also being modern and timeless. Sixteen efficiently designed two-bedroom units maximize space with efficient traffic flow. Outside, the property boasts large back yards and lots of parking including paid parking stalls, visitor parking, and available on-street parking. The neighborhood is clean, quiet, safe, and near to grocery stores, dining, and outdoor amenities.

Property Facts

Price $4,250,000
Price Per Unit $265,625
Sale Type Investment
Cap Rate 5.35%
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.63 AC
Building Size 15,148 SF
Average Occupancy 100%
No. Stories 2
Year Built 2020
Parking Ratio 1.58/1,000 SF

Unit Amenities

  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Kitchen
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Carpet
  • Pantry

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 16 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 986051-998
  • 986052-000
  • 986051-999
Land Assessment
$296,249
Improvements Assessment
$3,679,551
Total Assessment
$3,975,800

zoning

Zoning Code R-20 (Multi-family)
R-20 (Multi-family)
  • Listing ID: 34011828

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 219-221 SE Clark Ave, Battle Ground, WA 98604

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