415-417 NE Campus St, Pullman WA 99163 | 415 NE Campus St
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415-417 NE Campus St, Pullman WA 99163 415 NE Campus St
7 Unit Apartment Building $620,000 ($88,571/Unit) 6% Cap Rate Pullman, WA 99163
Investment Highlights
- Located on Washington State University
- On-site laundry
- No vacancies
Executive Summary
Huge investment property right on WSU campus! This property features 3 buildings and 7 functioning units all renting to students at WSU. The first building is a 4 Bedroom house with 3 Kitchens and 3 Bathrooms on a shared lease. The home has Laminate, carpet and wood floors, as well as a basement and laundry room with access from outside. The Main house rents for $2825/month. The other two buildings feature a one care garage currently just used for storage, and 4 units, 2 studios and 2, 1 bedroom 1 bath apartments. Rents on these vary from 475-500/month. Sq ft. is to be verified by buyer to buyers satisfaction.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $620,000 | Apartment Style | Low Rise |
| Price Per Unit | $88,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6% | Building Size | 4,418 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1933 |
| Price | $620,000 |
| Price Per Unit | $88,571 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,418 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1933 |
Unit Amenities
- Storage Space
- Kitchen
- Hardwood Floors
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Storage Space
- Individual Locking Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3 | 1 | $2,825 | - |
| 2+1 | 1 | $500.00 | - |
| 2+1 | 1 | $515.00 | - |
| Studios | 1 | $480.00 | - |
| Studios | 1 | $480.00 | - |
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Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 112350008080000 | Total Assessment | $419,150 |
| Land Assessment | $35,406 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $383,744 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
112350008080000
Land Assessment
$35,406
Improvements Assessment
$383,744
Total Assessment
$419,150
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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415-417 NE Campus St, Pullman WA 99163 | 415 NE Campus St
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