401 E Elm St | Connell, WA 99326
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- LoopNet Team
401 E Elm St
Connell, WA 99326
Pioneer Park Apartments · Multifamily Property For Sale · 51 Units
Investment Highlights
- Connell is Approximately 45 Minutes North of the Tri-Cities, Kennewick, Richland, and Pasco in Southeast Washington
- Low Income Housing Tax Credit Restrictions Expire in 2036
- Rents are Below Max Net Rents on the 60% Units
- Franklin County AMI’s Increased by 19% from 2017 to 2020
- Multi-Family LIHTC Property Adjacent to Pioneer Park and Conveniently Located Near Schools, with Easy Access to Highway 295
PROPERTY FACTS
| No. Units | 51 | Building Size | 48,733 SF |
| Property Type | Multifamily | Average Occupancy | 76% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1996 |
| Building Class | B | Parking Ratio | 3.59/1,000 SF |
| Lot Size | 4.70 AC |
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.70 AC |
| Building Size | 48,733 SF |
| Average Occupancy | 76% |
| No. Stories | 2 |
| Year Built | 1996 |
| Parking Ratio | 3.59/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Eat-in Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Playground
- Property Manager on Site
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 25 | $810.50 | 835 |
| 3+2 | 24 | $925.50 | 1,060 |
| 4+2 | 2 | $1,000 | 1,209 |
PROPERTY TAXES
| Parcel Number | 106-670-131 | Improvements Assessment | $2,247,700 |
| Land Assessment | $141,100 | Total Assessment | $2,388,800 |
PROPERTY TAXES
Parcel Number
106-670-131
Land Assessment
$141,100
Improvements Assessment
$2,247,700
Total Assessment
$2,388,800
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