Fully Leased Residential Portfolio
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Fully Leased Residential Portfolio
5 Multifamily Properties Offered at $1,540,000 in Richland, WA
Executive Summary
Opportunity to acquire the Richland Residential Portfolio (RRP), a collection of five fully leased residential properties located in Richland, Washington. These properties present an exceptional investment for those looking to secure a stabilized income-generating asset with significant potential for growth. With a proven track record of strong occupancy, long-term tenants, and under-valued rental rates, the portfolio offers both immediate cash flow and future upside. Proforma Rents are at $99k for the Portfolio with a Net Operating Income of $82k. 5.35% CAP rate, $285/SF or $308k per door. All 5 properties are within 1 mile of each other and takes 10 minutes to drive the portfolio making it easy to Manage. Must purchase entire portfolio, will not break up individually. Call LA for more information and Do Not Disturb tenants. A. 1603 Mahan Ave B. 1209 Winslow Ave C. 704 Birch Ave D. 2305 Concord Street E. 312 Adams
Property Facts
| Price | $1,540,000 | Status | Active |
| Price / SF | $291.28 / SF | Number of Properties | 5 |
| Cap Rate | 5.35% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 5,287 SF |
| Price | $1,540,000 |
| Price / SF | $291.28 / SF |
| Cap Rate | 5.35% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 5,287 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1603 Mahan Ave, Richland, WA 99354 | Multifamily | 1,152 SF | 1948 | - |
| 1209 Winslow Ave, Richland, WA 99354 | Multifamily | 945 SF | 1944 | - |
| 704 Birch Ave, Richland, WA 99352 | Multifamily | 1,350 SF | 1948 | - |
| 2305 Concord St, Richland, WA 99352 | Multifamily | 1,034 SF | 1952 | - |
| 312 Adams St, Richland, WA 99352 | Multifamily | 806 SF | 1944 | - |
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Derrick Stricker CCIM/SIOR -
Jazmine Murillo -
StrickerCRE
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Fully Leased Residential Portfolio
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